13 The current assets and liabilities sections of the comparative balance sheet of Cullumber Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: CULLUMBER INC. Comparative Balance Sheet Accounts 2024 2023 Cash $83,160 $88,200 Accounts receivable 53,760 34.440 Inventory 27,300 38,640 Prepaid expenses 6,300 4,872 Accounts payable 36.120 30,240 Accrued expenses payable 4,200 6,720 Dividends payable 20,160 14,280 Income tax payable 5.712 9.912 CULLUMBER INC.
13 The current assets and liabilities sections of the comparative balance sheet of Cullumber Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: CULLUMBER INC. Comparative Balance Sheet Accounts 2024 2023 Cash $83,160 $88,200 Accounts receivable 53,760 34.440 Inventory 27,300 38,640 Prepaid expenses 6,300 4,872 Accounts payable 36.120 30,240 Accrued expenses payable 4,200 6,720 Dividends payable 20,160 14,280 Income tax payable 5.712 9.912 CULLUMBER INC.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:13
The current assets and liabilities sections of the comparative balance sheet of Cullumber Inc., a private company reporting under
ASPE, at October 31 are presented below, along with the income statement:
CULLUMBER INC.
Comparative Balance Sheet Accounts
2024
2023
Cash
$83,160 $88,200
Accounts receivable
53,760
34.440
Inventory
27,300
38,640
Prepaid expenses
6,300
4,872
Accounts payable
36.120
30,240
Accrued expenses payable
4,200
6,720
Dividends payable
20,160
14,280
Income tax payable
5.712
9.912
CULLUMBER INC.
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