With the information provided, please complete each blank with an appropriate answer. 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. Total Current Assets Net Buildings & Equipment Total Assets Total Current Liabilities Total Long-Term Liabilities Total Liabilities Total Equity Total Liabilities & Equity
With the information provided, please complete each blank with an appropriate answer.
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
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
Prepaid expenses 14,500
Retained earnings-current year ?
Note: The Company paid out $5,000 in dividends.
Total Current Assets
Net Buildings & Equipment
Total Assets
Total Current Liabilities
Total Long-Term Liabilities
Total Liabilities
Total Equity
Total Liabilities & Equity
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