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Normal balances) Cash on hand and in bank 239,186 Short-term investments 353,700 Accounts receivable (net) 504,944 (1)? 83,259 Inventories Prepaid expenses Total current assets 1,594,927 Long-term receivables 110,800

Normal balances) Cash on hand and in bank 239,186 Short-term investments 353,700 Accounts receivable (net) 504,944 (1)? 83,259 Inventories Prepaid expenses Total current assets 1,594,927 Long-term receivables 110,800

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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Solve for the missing amounts indicated in the problem below.

Account Titles Normal balances) 239,186 Cash on hand and in bank P Short-term investments 353,700 Accounts receivable (net) 504,944 (1)? 83,259 Inventories Prepaid expenses Total current assets 1,594,927 Long-term receivables Property, plant, and equipment (net) Total assets 110,800 (2)? (3)? 31,116 (4)? Notes payable and short-term debt Accounts payable Accrued liabilities 421,772 Other current liabilities 181,604 693,564 Total current liabilities Long-term loans payable Total liabilities (5)? 956,140 Shareholders' equity 1,370,627
Transcribed Image Text:Account Titles Normal balances) 239,186 Cash on hand and in bank P Short-term investments 353,700 Accounts receivable (net) 504,944 (1)? 83,259 Inventories Prepaid expenses Total current assets 1,594,927 Long-term receivables Property, plant, and equipment (net) Total assets 110,800 (2)? (3)? 31,116 (4)? Notes payable and short-term debt Accounts payable Accrued liabilities 421,772 Other current liabilities 181,604 693,564 Total current liabilities Long-term loans payable Total liabilities (5)? 956,140 Shareholders' equity 1,370,627
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