Math Solutions

[Solution] Create a statement of financial position for an organization with the following current balances (note: it is up to you to properly sort assets

Question: Create a statement of financial position for an organization with the following current balances (note: it is up to you to properly sort assets and liabilities; all assets/liabilities listed are current assets/liabilities):

  • Cash - $25,000
  • Marketable securities - $10,000
  • Salaries payable - $20,000
  • Prepaid expenses - $5,000
  • Accounts payable - $15,000
  • Mortgage payable - $10,000
  • Pledges receivable - $7,500
  • Accounts receivable - $5,000
  • Supplies inventory - $1,500

Deferred revenue - $12,500

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


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