Advance #5
lar.ro
act470_studenttemplate_discuss_mod05.xlsxDiscuss-M5
| Proprietors | ||
| Assets, Liabilities & Equities | L | M |
| Cash | $40,000 | $25,000 |
| AR | $15,000 | $10,000 |
| Inventory | $105,000 | $15,000 |
| Land | $60,000 | $10,000 |
| Plant and Equipment | $400,000 | $30,000 |
| Less: Accumulated Depreciation | -$150,000 | -$5,000 |
| Goodwill | $10,000 | |
| Patent | $0 | $0 |
| Total Assets | $480,000 | $85,000 |
| AP | $50,000 | $15,000 |
| Loan-L | $100,000 | |
| Owners Equity | $270,000 | $70,000 |
| Total Liabilities & Equity | $420,000 | $85,000 |
