AE COM LTD Comparative Balance Sheet December 30, 2018 and 2017 2018 2017 Increase/(Decrease) Assets Cash 110,000 70,000 ? Accounts Receivable 300,000 325,000 ? Supplies 350,000 280,000 ? Prepaid expenses 35,000 28,000 ? Intangible assets 215,000 215,000 ? Equipment, net 1,200,000 980,000 ? Total Assets 2,210,000 1,898,000 Liabilities Accounts payable 250,000 140,000 ? Accrued liabilities 210,000 215,000 ? Income tax payable 78,000 98,500 ? Long-term notes payable 602,000 725,000 ? Stockholders' Equity Common Stock 410,000 330,000 ? Retained earnings 730,000 450,000 ? Reconstruct the company’s comparative balance sheet for 2013/2014 compute and show the missing figures
AE COM LTD
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Comparative |
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December 30, 2018 and 2017 |
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2018 |
2017 |
Increase/(Decrease) |
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Assets |
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Cash |
110,000 |
70,000 |
? |
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300,000 |
325,000 |
? |
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Supplies |
350,000 |
280,000 |
? |
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Prepaid expenses |
35,000 |
28,000 |
? |
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Intangible assets |
215,000 |
215,000 |
? |
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Equipment, net |
1,200,000 |
980,000 |
? |
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Total Assets |
2,210,000 |
1,898,000 |
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Liabilities |
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Accounts payable |
250,000 |
140,000 |
? |
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Accrued liabilities |
210,000 |
215,000 |
? |
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Income tax payable |
78,000 |
98,500 |
? |
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Long-term notes payable |
602,000 |
725,000 |
? |
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Common Stock |
410,000 |
330,000 |
? |
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730,000 |
450,000 |
? |
Reconstruct the company’s comparative balance sheet for 2013/2014 compute and show the missing figures
Balance sheet: This statement shows the assets and liabilities held by a company on a particular date. The assets include both current and fixed assets and the liabilities include both current and long-term liabilities.
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