The following accounts in the computerized accounting system of FAX Supply Company show some of the company's
Question:
The following accounts in the computerized accounting system of FAX Supply Company show some of the company's adjusted balances before closing:
Compute the missing amounts.
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Total assets Current assets 5,600 Plant assets 13,400 Total liabilities ? Current liabilities 1,100 Long-term liabilities P Common stock 1,000 Retained earnings 12,600 Dividends 7,000 Total revenues 18,000 Total expenses 11,000
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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