Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounts Payable $ 150,000 130,000 Bridgewater Company had the following account balances for the year ended December 31, 2021: Accounts Receivable Income Taxes Payable $

image text in transcribed Accounts Payable $ 150,000 130,000 Bridgewater Company had the following account balances for the year ended December 31, 2021: Accounts Receivable Income Taxes Payable $ 75,000 Income Taxes Expense 90,000 Accumulated Depreciation 195,000 Interest Expense 5,000 Cash 260,000 Inventories 180,000 Common Shares 160,000 Loan Payable, due December 31, 2026 110,000 Cost of Goods Sold 430,000 Prepaid Insurance Expense 60,000 Retained Earnings, at January 1, Deferred Revenue 70,000 2021 270,000 Depreciation Expense 70,000 Salaries Expense 360,000 Dividend Declared 65,000 Sales Revenue 1,220,000 Equipment 580,000 Utility Expense 20,000 What is the amount of Total Liabilities at December 31, 2021? $405,000 $335,000 MacBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information for Decisions

Authors: John J. Wild

8th edition

125953300X, 978-1259533006

More Books

Students also viewed these Accounting questions

Question

The cost of land includes any brokerage commission. True False

Answered: 1 week ago

Question

T F Neither agents nor brokers take title to goods.

Answered: 1 week ago