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520,000 90,000 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Current Assets Cash 200,000 Accounts receivable
520,000 90,000 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Current Assets Cash 200,000 Accounts receivable ($ less allowance for doubtful accounts of $35,000) 1,260,000 Inventory 1,590,000 Total current assets Land Plant and equipment ($2,060,000 less accumulated depreciation 1,240,000 Total assets 4,650,000 160,000 1,120,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ Notes payable to banks Accrued wages Taxes owed Total current liabilities Long-term debt Stockholders' equity Common stock ($1 par, 690,000 shares authorized 660,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity $ 2,850,000
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