## Answers

Answer:- (in $)

- Cash/Bank - 55,000.
- Net Receivables - 15,000.
- Inventory - 65,000.
- Fixed Assets - 19,667.
- Total Assets - 154,667.
- Accounts Payable - 15,000.
- Other Accrued Liabilities - 9000.
- Debt - 50,000.
- Stockholder's Equity - 80,667
- Total Liabilities & Stockholder's Equity - 154,667.

Working:-

Cash/Bank - 55,000.

Shares | 100000 | Factory Equipment | 20000 |

Bank Loan | 50000 | Inventory Payment | 50000 |

Sales | 25000 | Inventory Balance Payment | 50000 |

Closing Balance | 55000 |

Net Receivables - 15,000. ( Sales of 15000 on point 10.)

Inventory - 65,000. (Purchase of Inventory 100000+15000-40000-10000)

Fixed Assets - 19,667. (20000 - 333 Depreciation)

Total Assets - 154,667.

Accounts Payable - 15,000. (Inventory purchase on point 14.)

Other Accrued Liabilities - 9000.

(Warranty reserve 5000+2000, & Bad Debts reserve 2000)

Debt - 50,000. (Borrowed form Bank)

Stockholder's Equity - 80,667 (Capital 100,000 - Net Loss 19333)

Total Liabilities & Stockholder's Equity - 154,667.

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