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ABC Company has the following end of period account balances: 18 19 Accounts payable: $ 50,000 Accounts receivable: $ 30,000 Accumulated depreciation: $ 180,000

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ABC Company has the following end of period account balances: 18 19 Accounts payable: $ 50,000 Accounts receivable: $ 30,000 Accumulated depreciation: $ 180,000 Buildings and equipment: $ 400,000 Cash: $ 30,000 Common stock: $ 90,000 Cost of goods sold expense: $240,000 Depreciation expense: $ 10,000 Dividends: $ 40,000 Inventory: $ 50,000 Long-term notes payable: $ 90,000 Prepaid expenses: $20,000 Retained earnings (beginning balance): $ 80,000 Service revenue: $ 350,000 Unearned revenue: $ 40,000 Wage expense: $ 60,000 27 35 Finish at

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