Styles Unlimited reported the following information at January 31.
|
Accounts payable |
$250 |
|
Accounts receivable |
1,057 |
|
Accrued expenses (current) |
348 |
|
Cash and equivalents |
321 |
|
Contributed capital319 |
319 |
|
Deferred income taxes (liabilities) |
275 |
|
Income taxes payable (current) |
93 |
|
Inventories |
734 |
|
Long term debt |
650 |
|
Other current assets |
109 |
|
Other current liabilities |
16 |
|
Other long term assets |
248 |
|
Other long term liabilities |
61 |
|
Property and equipment, net of depreciation |
1,667 |
|
Retained earnings, net of adjustments |
2,124 |
Accrued expenses are current liabilities. Deferred income taxes are longterm liabilities.
Use the information provided to prepare a balance sheet for Styles Unlimited in good form.