{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T12:13:27-04:00", "answer_date": "2024-05-26 12:13:27", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1739275", "url": "\/study-help\/questions\/at-december-31-assets-montgomery-incorporated-comparative-balance-sheets-cash-1739275", "question_creation_date_js": "2024-05-26T12:13:27-04:00", "question_creation_date": "May 26, 2024 12:13 PM", "meta_title": "[Solved] At December 31 Assets MONTGOMERY INCORPOR | SolutionInn", "meta_description": "Answer of - At December 31 Assets MONTGOMERY INCORPORATED Comparative Balance Sheets Cash Accounts receivable, net Inventory Total | SolutionInn", "meta_keywords": "december,31,assets,montgomery,incorporated,comparative,balance,sheets,cash,accounts,receivable,net", "question_title_h1": " At December 31 Assets MONTGOMERY INCORPORATED Comparative Balance Sheets Cash Accounts receivable, net Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and", "question_title": " At December 31 Assets MONTGOMERY INCORPORATED Comparative Balance Sheets Cash Accounts", "question_title_for_js_snippet": "At December 31 Assets MONTGOMERY INCORPORATED Comparative Balance Sheets Cash Accounts receivable, net Inventory Total current assets Equipment Accumulated depreciation Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity MONTGOMERY INCORPORATED Income Statement For Current Year Ended December 31 Sales $ 83,500 Cost of goods sold (34,600) Gross profit 48,900 Salaries expense 10,300 Depreciation expense 12,900 Income before taxes Income tax expense 25,700 6,100 10 600 Current Year Prior Year 18,300 $ 58,200 $ 58,100 22,300 164,100 128,800 240,600 209,200 90,900 (41,000) $ 290,500 $ 43,600 900 44,500 202,500 43,500 $ 290,500 $ 257,300 76,200 (28,100) $ 257,300 $ 46,600 1,100 47,700 185,700 23,900", "question_description": "\"image\"image\"image\"image", "transcribed_text": "At December 31 Assets MONTGOMERY INCORPORATED Comparative Balance Sheets Cash Accounts receivable, net Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity MONTGOMERY INCORPORATED Income Statement For Current Year Ended December 31 Sales $ 83,500 Cost of goods sold (34,600) Gross profit 48,900 Salaries expense 10,300 Depreciation expense 12,900 Income before taxes Income tax expense 25,700 6,100 10 600 Current Year Prior Year 18,300 $ 58,200 $ 58,100 22,300 164,100 128,800 240,600 209,200 90,900 (41,000) $ 290,500 $ 43,600 900 44,500 202,500 43,500 $ 290,500 $ 257,300 76,200 (28,100) $ 257,300 $ 46,600 1,100 47,700 185,700 23,900", "related_book": { "title": "Survey of Accounting", "isbn": "9780538489737, 538749091, 538489731, 978-0538749091", "edition": "5th Edition", "authors": "Carl S Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/59.jpg", "uri": "\/textbooks\/survey-of-accounting-5th-edition-59", "see_more_uri": "" }, "free_related_book": { "isbn": "152476356X", "uri": "\/textbooks\/a-place-for-us-a-novel-1st-edition-978-1524763565-111295", "name": "A Place For Us A Novel", "edition": "1st Edition" }, "question_posted": "2024-05-26 12:13:27", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/nature-of-mathematics\/the-san-francisco-chronicle-reported-that-two-stanford-graduates-dave-1249778", "description": "The San Francisco Chronicle reported that two Stanford graduates, Dave Kaval and Brad Null, set a goal to see a game in every major league baseball stadium. 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