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Recent financial statements for Madison Company follow. Recent financial statements for Madison Company follow. Cash 21000 Accounts receivable net 160000 Merchandise inventory 300000 Prepaid expenses 9000 Total current assets 490000 Plant and equipment net 810000 Total assets 1300000 Liabilities and Stockholders Equity Liabilities. Madison Company Balance Sheet June 30 Assets Current assets. 09072014 0115 AM Tutorial 00024719 Puchased By. Cash 20000 Accounts Receivable Net 250000 Merchandise Inventory 360000 Prepaid Expenses 10000 Total Current Assets 640000 Plant And Equipment Net 890000 Total Assets 1530000 Liabilities And Stockholders Equity Liabilities.
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