Classified Balance Sheet Components Video Lessons

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Problem: Shamrock, Crop. has the following account balances at year end. What is the company's total assets? Inventory $15,000 Accounts Receivable $8,000 Accounts Payable $5,000 Notes Payable $5,000 Retained Earnings $2,000 Cost of Goods Sold $3,000

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Shamrock, Crop. has the following account balances at year end. What is the company's total assets?

Inventory $15,000
Accounts Receivable $8,000
Accounts Payable $5,000
Notes Payable $5,000
Retained Earnings $2,000
Cost of Goods Sold $3,000

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