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Accounting
Common stock Cash Land Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable (due in 5 years) Preferred stock Salaries payable Accounts payable Treasury stock Paid-in capital in excess of par value, preferred stock $ 1,000 20,600 28,000 8,500 3,600 17,000 10,600 8,000 5,600 5,500 6,000 2,000

Common stock Cash Land Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable (due in 5 years) Preferred stock Salaries payable Accounts payable Treasury stock Paid-in capital in excess of par value, preferred stock $ 1,000 20,600 28,000 8,500 3,600 17,000 10,600 8,000 5,600 5,500 6,000 2,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current assets Total current assets Plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity TUCSON COMPANY Balance Sheet December 31 Assets Liabilities Equity
Transcribed Image Text:Current assets Total current assets Plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity TUCSON COMPANY Balance Sheet December 31 Assets Liabilities Equity
Common stock Cash Land Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable (due in 5 years) Preferred stock Salaries payable Accounts payable Treasury stock Paid-in capital in excess of par value, preferred stock $ 1,000 20,600 28,000 8,500 3,600 17,000 10,600 8,000 5,600 5,500 6,000 2,000
Transcribed Image Text:Common stock Cash Land Retained earnings Accounts receivable Paid-in capital in excess of par value, common stock Notes payable (due in 5 years) Preferred stock Salaries payable Accounts payable Treasury stock Paid-in capital in excess of par value, preferred stock $ 1,000 20,600 28,000 8,500 3,600 17,000 10,600 8,000 5,600 5,500 6,000 2,000
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