The Super Shine Furniture Polish Company has provided you the following information for the year 2023QuestionThe Super Shine Furniture Polish Company has provided you the following information for the year 2023: Cash $14,400 Accounts receivable 23,100 Accumulated depreciation-equipment 20,000...
Patents 18,500 Advertising Expense 3,200 Retained earnings, January 1 19,500
Salaries and wages expense 26,200 Sales revenue 202,500 Inventory 75,100
Answer & Explanation
To analyze the financial position of the Super Shine Furniture Polish Company
for the year 2023, we can prepare a basic balance sheet and income statement
using the provided information.
Balance Sheet
Assets:
Current Assets:
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