Please solve the missing figures
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please solve the missing figures

Transcribed Image Text:ABC Company
Financial Accounts
December 31, 19X6 and 19X5
19X6
19X5
Accounts Payable
180
170
Accounts receivable, net
130
120
Accrued Liabilities
60
80
Additional Paid-in Capital - Common Stock
200
200
Bonds Payable
480
500
Cash and marketable securities
210
180
Common Stock, Php 5.00 par
220
220
Cost of Good Sold
770
Income Taxes (30%)
?
Interest Expense
50
Inventory
90
110
Notes Payable, short term
240
240
Operating Margin
130
Plant, Property and Equipment, net
1,440
1,400
Preferred Stock, Php 10.00 par
100
100
Prepaid Expenses
70
70
Retained Earnings
460
370
Sales
1,100
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