the following list of accounts was taken from the 2010 annual report of madlinger co 4375628

The following list of accounts was taken from the 2010 annual report of Madlinger Corporation: Accounts Payable ………… $ 4,669,902 Accounts Receivable ………… 664,065 Accrued Liabilities ………… 1,639,292 Accrued Rent Obligation Long-Term ….. 861,421 Accrued Store Closing Costs …….. 1,134,714 Accumulated Depreciation and Amortization . 8,783,914 Additional Paid- in Capital ……… 25,032,637 Cash ………………. 261,394 Common Stock …………… 37,688 Construction in Progress ………. 904,560 Deferred Tax Asset ………… 478,200 Furniture and Fixtures ………. 4,727,134 Leasehold Improvements ……… 10,633,116 Leasehold Interests, Net ……… 953,645 Long-Term Debt ……….. 2,200,000 Merchandise Inventory …….. 13,134,317 Other Assets ………….. 65,005 Other Equipment ……….. 1,432,871 Prepaid Expenses …………. 493,148 Retained Deficit ………… 10,612,113 Required: Use a computer spreadsheet program. A. Arrange the accounts in proper balance sheet order and show the equality of assets with liabilities and shareholders’ equity. B. Determine the total dollar amount of current assets. C. Determine the total dollar amount of long- term assets. D. Determine the total dollar amount of current liabilities. E. Determine the total dollar amount of long- term liabilities. F. Determine the total dollar amount of shareholders’ equity. G. Repeat requirements (A) through (F) above assuming that all accounts increase by 15 percent. View Solution:
The following list of accounts was taken from the 2010

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