FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Birtle Corporation reports the following statement of financial position Information for 2017 and 2018.
BIRTLE CORPORATION
2017 and 2018 Statement of Financial Position
Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Assets
Current liabilities
Accounts payable
Notes payable
2018
$11,173)
25,760
46,915
$ 75,598 $ 83,848
$ 9,279
23,683
42,636
Prepare the 2018 combined comm
ze, mm
calculations. Round the final answers to 3 decimal places.)
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
2017
$272,847
$347,645
Assets
$297,967
Total liabilities and owners' equity
$381,815
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus.
Retained earnings
Total liabilities and owners' equity
year statem
Total
2017
$ 9,279
23,683
42,636
$ 75,598
$272,847
$347,645
Liabilities and Owners' Equity
$ 41,060
16,157
$ 57,217
$ 40,000
$ 50,000
200,428
$250,428
$347,645
2018
f financial position for Birtle. (Do not round Intermediate
$ 11,173
25,760
46,915
$83,848
$297,967
$381,815
$ 43,805
16,843
$ 60,648
$ 35,000
2017
$ 50,000
236,167
$286,167
$381,815
$ 41,060
16,157
$ 57,217
$ 40,000
$ 50,000
200,428
$250,428
$347,645
2018
$ 43,805
16,843
$ 60,648
$ 35,000
$ 50,000
236,167
$286,167
$381,815
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