omplete the fragment of the balance sheet below ($000): (Select the correct account from the drop-down menu and round to the nearest dollar) Mellark's Baked Goods Balance Sheet as of December 31, 2019 Assets Current assets Total current assets

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 9PA: On December 31, 2019, the balances of the accounts appearing in the ledger of Wyman Company are as...
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Ff.1.

Finance  

Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark's Baked Goods balance sheet at December 31, 2019.
Complete the fragment of the balance sheet below ($000): (Select the correct account from the drop-down menu and round to the nearest dollar)
Mellark's Baked Goods
Balance Sheet as of December 31, 2019
Assets
Current assets:
Total current assets
Transcribed Image Text:Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark's Baked Goods balance sheet at December 31, 2019. Complete the fragment of the balance sheet below ($000): (Select the correct account from the drop-down menu and round to the nearest dollar) Mellark's Baked Goods Balance Sheet as of December 31, 2019 Assets Current assets: Total current assets
Data table
Item
Accounts payable
Accounts receivable
Accruals
Accumulated depreciation
Buildings
Cash
Common stock (at par)
Cost of goods sold
Depreciation expense
Equipment
Furniture and fixtures
General expense
Inventories
Land
Long-term debts
Machinery
Print
Value ($000) at
Dec 31, 2019
Done
$216
454
59
267
229
214
92
2,517
42
147
167
319
376
101
425
420
- X
Oc
ked
nd
Transcribed Image Text:Data table Item Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par) Cost of goods sold Depreciation expense Equipment Furniture and fixtures General expense Inventories Land Long-term debts Machinery Print Value ($000) at Dec 31, 2019 Done $216 454 59 267 229 214 92 2,517 42 147 167 319 376 101 425 420 - X Oc ked nd
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