Business, 21.06.2021 07:10, amyeaglin2003

Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 3,000 Accruals $ 1,200 Total current liabilities $ 5,700 Long-term bonds $ 2,000 Total liabilities $ 7,700 Common stock $ 1,500 Retained earnings $ 2,500 Total common equity $ 4,000 Total liabilities & equity $ 11,700

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Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,0...