Prepare the 2015 Balance sheet and Income statement for the Hogan's Accessories
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Prepare the 2015 Balance sheet and Income statement for the Hogan's Accessories Inc. using the following information
Cash $72,000
Accounts receivables $439,000
inventories $894,000
land and buildings $238,000
Machinery $132,000
Other equipment $61,000
Accounts Payable $432,000
Accrued liabilities $170,000
Long term debt $404,290
Common Stock $575,000
Retained earnings $254,710
Sales $4,290,000
Material and Labor 3,580,000
Administrative and Advertising 236,320
Depreciation expense 159,000
Interest Expense $134,000
tax 40%
Number of shares common stock 23,000
Dividend per share $0.95
11 years ago
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hogan_answer.xlsx
