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Madison Company Balance Sheet June 30Assets Current assets. Recent financial statements for Madison Company followRecent financial statements for Madison Company follow. Cost of goods sold. Chapter 15 HW Accounting 2161. Recent financial statements for Madison Company followMadison CompanyBalance SheetJune 30AssetsCurrent assetsCash 24 000Accounts receivable net 260 000Merchandise inventory 380 000Prepaid expenses 8 000Total current assets 672 000Plant and equipment net 820 000Total assets 1 492 000Liabilities and Stockholders. A total of 700 thousand shares of common stock were outstanding.
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