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710,000 150,000 150,000 1,390,000 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Liabilities and Stockholders' Equity
710,000 150,000 150,000 1,390,000 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 $ 250,000 Accounts payable $ Accounts receivable Notes payable to banks ($ less allowance for Accrued wages doubtful accounts of $40,000) 1,460,000 Taxes owed Inventory 1,620,000 Total current liabilities Total current assets Long-term debt Land Stockholders' equity Plant and equipment Common stock ($1,980,000 less ($1 par, 550,000 accumulated depreciation shares authorized, $ 1,200,000 520,000 outstanding) Total assets 4,800,000 Retained earnings Total stockholders' equity Total liabilities and equity $ 2,760,000
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