Problem:
Please put this information into an excel spreadsheet.
August Corporation has the following balance sheet elements as of December 31, 2006.
Land . . . . . . . . . . . . . . . . . . . . . . . . . $105,000 Mortgage payable . . . . . . . . . $250,000
Cash . . . . . . . . . . . . . . . . . . . . . . . . . ? Capital stock . . . . . . . . . . . . . . 315,000
Building . . . . . . . . . . . . . . . . . . . . . . 168,000 Retained earnings . . . . . . . . . . 92,000
Accounts payable . . . . . . . . . . . . . . . 155,000 Supplies . . . . . . . . . . . . . . . . . 41,000
Notes payable (short-term) . . . . . . . . 117,000 Accounts receivable . . . . . . . . 134,000
Equipment . . . . . . . . . . . . . . . . . . . . 420,000
Required:
Compute the total amount of:
1. Current assets.
2. Long-term assets.
3. Current liabilities.
4. Long-term liabilities.
5. Stockholders' equity.