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Accumulated depreciation-equipment Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021. Account Title Cash Accounts receivable
Accumulated depreciation-equipment Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021. Account Title Cash Accounts receivable Raw materials Notes receivable Interest receivable Interest payable Investment in debt securities Land Buildings Accumulated depreciation-buildings Work in process Finished goods Equipment $ Debits 25,000 Credits 140,000 29,000 105,000 8,000 $ 10,000 37,000 55,000 1,400,000 625,000 47,000 94,000 310,000 135,000 Patent (net) 125,000 Prepaid rent (for the next two years) 65,000 41,000 Deferred revenue. 185,000 Accounts payable 450,000 Notes payable Allowance for uncollectible accounts Restricted cash (for payment of notes payable) 85,000 18,000 900,000 Sales revenue 455,000 Cost of goods sold 33,000 Rent expense Next >
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