Please provide the correct answer for each blank provided. Cash $ 225,000 Long-term debt 334,000 Sales 573,000 Accounts payable (A/P) 155,000 Operating expenses 145,000 Machinery and equipment 895,000 Notes payable (N/P) 75,000 Accounts receivable (A/R) 153,000 Interest expenses 4,750 Accrued expenses 7,900 Common stock (par value) 289,000 Cost of goods sold 297,000 Inventory 99,300 (Income) Taxes 45,500 Accumulated depreciation 263,000 Prepaid expenses 14,500 Retained earnings-prior year 187,150 Retained earnings-current year ? Note: The Company paid out $5,000 in dividends. Gross Profits Operating Income (EBIT) Earnings Before Taxed (EBT) Net Income Current Retained Earnings Accumulated Retained Earnings

Please provide the correct answer for each blank provided. Cash $ 225,000 Long-term debt 334,000 Sales 573,000 Accounts payable (A/P) 155,000 Operating expenses 145,000 Machinery and equipment 895,000 Notes payable (N/P) 75,000 Accounts receivable (A/R) 153,000 Interest expenses 4,750 Accrued expenses 7,900 Common stock (par value) 289,000 Cost of goods sold 297,000 Inventory 99,300 (Income) Taxes 45,500 Accumulated depreciation 263,000 Prepaid expenses 14,500 Retained earnings-prior year 187,150 Retained earnings-current year ? Note: The Company paid out $5,000 in dividends. Gross Profits Operating Income (EBIT) Earnings Before Taxed (EBT) Net Income Current Retained Earnings Accumulated Retained Earnings

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.1: Short-term Debt Financing

Problem 1WT

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