Balance sheet question
Balance sheet question (attached) ABC CORP BALANCE SHEET December 31, 2010 Cash $ 100 Marketable Securities 0 Accounts Receivables 2,000 Inventory 140 Fixed Assets ( net ) 2,000 Total Assets ===== Accounts Payable $ 2,380 Notes Payable 0 Retained earnings ? Common Stock 1,400 Total of Both Liabilities & Equity ===== For the year ended 12/31/10 ABC CORP generated Sales of $12,000 and Net Income of $120. […]