Given the data in the following table, the company spent $ Assets in 2023. • NOTE: The table below applies to questions 5 to 11 (it is included on each of these questions). 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. Item Accounts payable Accounts receivable Accruals Cash Common Stock COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2022 570 530 1,020 320 2,020 4,020 220 190 3,020 1,520 2,720 770 320 ??? 5,020 140 on new Fixed 2023 370 ??? 1.120 570 2,270 4,260 370 210 3,270 1,670 2,520 600 450 820 6,020 160

Given the data in the following table, the company spent $ Assets in 2023. • NOTE: The table below applies to questions 5 to 11 (it is included on each of these questions). 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. Item Accounts payable Accounts receivable Accruals Cash Common Stock COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2022 570 530 1,020 320 2,020 4,020 220 190 3,020 1,520 2,720 770 320 ??? 5,020 140 on new Fixed 2023 370 ??? 1.120 570 2,270 4,260 370 210 3,270 1,670 2,520 600 450 820 6,020 160

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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