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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

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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 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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