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ABC Company has the following balances: Accounts payable: $ 2 5 , 0 0 0 Accounts receivable: $ 2 0 , 0 0 0 Cash:

ABC Company has the following balances:
Accounts payable: $25,000
Accounts receivable: $20,000
Cash: $15,000
Common stock: $60,000
Dividends: $15,000
Equipment: $250,000
Notes payable: $70,000
Rent expense: $20,000
Retained earnings (beginning balance): $60,000
Service revenue: $200,000
Supplies: $5,000
Wage expense: $90,000
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