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

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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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

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