Given the data in the following table, in 2024 this company. The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. 2023 2024 Item Accounts payable 9,000 8,500 Accounts receivable 5,945 6,200 Accruals 1,610 1,910 Additional paid-in-capital 9,400 9,900 Cash ??? 13,000 Common stock at par @ $0.20 2,400 2,700 Net fixed assets 48,000 55,400 Gross fixed assets 55,400 ??? Inventory 5,595 5,100 Long-term debt 17,960 18,650 Notes payable 4,800 4,100 Retained earnings 28,570 33,940 Net income 3,150 6,240 Depreciation expense 2,900 4,600 1) issued short-term debt O 2) paid down long-term debt Training
Given the data in the following table, in 2024 this company. The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. 2023 2024 Item Accounts payable 9,000 8,500 Accounts receivable 5,945 6,200 Accruals 1,610 1,910 Additional paid-in-capital 9,400 9,900 Cash ??? 13,000 Common stock at par @ $0.20 2,400 2,700 Net fixed assets 48,000 55,400 Gross fixed assets 55,400 ??? Inventory 5,595 5,100 Long-term debt 17,960 18,650 Notes payable 4,800 4,100 Retained earnings 28,570 33,940 Net income 3,150 6,240 Depreciation expense 2,900 4,600 1) issued short-term debt O 2) paid down long-term debt Training
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
Related questions
Question
![Given the data in the following table, in 2024 this company.
The balance sheet accounts listed below are the only items on the
company's balance sheet for each year and the income statement
accounts are the only items on the company's income statement
for each year.
2023
2024
Item
Accounts payable
9,000
8,500
Accounts receivable
5,945
6,200
Accruals
1,610
1,910
Additional paid-in-capital
9,400
9,900
Cash
???
13,000
Common stock at par @ $0.20
2,400
2,700
Net fixed assets
48,000
55,400
Gross fixed assets
55,400
???
Inventory
5,595
5,100
Long-term debt
17,960
18,650
Notes payable
4,800
4,100
Retained earnings
28,570
33,940
Net income
3,150
6,240
Depreciation expense
2,900
4,600
1) issued short-term debt
O
2) paid down long-term debt
Training](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc4e4a331-de9f-4f44-bf90-60b228d3a50a%2F3249ecd2-975c-4c62-a286-b7a282997bc7%2Fyrfnix_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the data in the following table, in 2024 this company.
The balance sheet accounts listed below are the only items on the
company's balance sheet for each year and the income statement
accounts are the only items on the company's income statement
for each year.
2023
2024
Item
Accounts payable
9,000
8,500
Accounts receivable
5,945
6,200
Accruals
1,610
1,910
Additional paid-in-capital
9,400
9,900
Cash
???
13,000
Common stock at par @ $0.20
2,400
2,700
Net fixed assets
48,000
55,400
Gross fixed assets
55,400
???
Inventory
5,595
5,100
Long-term debt
17,960
18,650
Notes payable
4,800
4,100
Retained earnings
28,570
33,940
Net income
3,150
6,240
Depreciation expense
2,900
4,600
1) issued short-term debt
O
2) paid down long-term debt
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