The balance sheet of Phototec, Inc., a distributor of photographic supplies, as of May 31 is given below:
Phototec, Inc.
Balance Sheet
May 31 Assets 834000 Cash 8000 $ 11,250 Accounts receivable 92000 75,000 Inventory 34000 37,500 Buildings and equi.. 700000
| The balance sheet of Phototec, Inc., a distributor of photographic supplies, as of May 31 is given below: |
| Phototec, Inc. Balance Sheet May 31 | ||
| Assets 834000 | ||
| Cash 8000 | $ | 11,250 |
| Accounts receivable 92000 | 75,000 | |
| Inventory 34000 | 37,500 | |
| Buildings and equi.. 700000 | ||
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