Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Liabilities and Stockholders’ Equity Current Assets Current liabilities Cash $ 240,000 Accounts payable $ 530,000 Accounts receivable Notes payable to banks 80,000 ($ less allowance for Accrued wages doubtful accounts of $15,000) 1,040,000 Taxes owed 170,000 Inventory 1,470,000 Total current liabilities $ 1,220,000 Total current assets $ Long-term debt Land Stockholders’ equity Plant and equipment Common stock ($2,410,000 less ($1 par, 670,000 accumulated depreciation shares authorized, $ ) 1,580,000 640,000 outstanding) Total assets $ 4,670,000 Retained earnings Total stockholders’ equity $ 2,660,000 Total liabilities and equity $
Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Liabilities and Stockholders’ Equity Current Assets Current liabilities Cash $ 240,000 Accounts payable $ 530,000 Accounts receivable Notes payable to banks 80,000 ($ less allowance for Accrued wages doubtful accounts of $15,000) 1,040,000 Taxes owed 170,000 Inventory 1,470,000 Total current liabilities $ 1,220,000 Total current assets $ Long-term debt Land Stockholders’ equity Plant and equipment Common stock ($2,410,000 less ($1 par, 670,000 accumulated depreciation shares authorized, $ ) 1,580,000 640,000 outstanding) Total assets $ 4,670,000 Retained earnings Total stockholders’ equity $ 2,660,000 Total liabilities and equity $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Problem 9-03
Fill in the blanks below with the correct entries. Round your answers to the nearest dollar.
| Assets | Liabilities and |
|||||
| Current Assets | Current liabilities | |||||
| Cash | $ | 240,000 | Accounts payable | $ | 530,000 | |
| Accounts receivable | Notes payable to banks | 80,000 | ||||
| ($ less allowance for | Accrued wages | |||||
| doubtful accounts of $15,000) | 1,040,000 | Taxes owed | 170,000 | |||
| Inventory | 1,470,000 | Total current liabilities | $ | 1,220,000 | ||
| Total current assets | $ | Long-term debt | ||||
| Land | Stockholders’ equity | |||||
| Plant and equipment | Common stock | |||||
| ($2,410,000 less | ($1 par, 670,000 | |||||
| accumulated |
shares authorized, | |||||
| $ ) | 1,580,000 | 640,000 outstanding) | ||||
| Total assets | $ | 4,670,000 | ||||
| Total stockholders’ equity | $ | 2,660,000 | ||||
| Total liabilities and equity | $ | |||||
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