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Beginning Ending Assets Cash Accounts Receivable Inventories Prepaid Expenses Supplies Real Estate Machinery and Equipment Liabilities Accounts Payable Other Accrued Expenses Accrued Interest Accrued Taxes
Beginning Ending Assets Cash Accounts Receivable Inventories Prepaid Expenses Supplies Real Estate Machinery and Equipment Liabilities Accounts Payable Other Accrued Expenses Accrued Interest Accrued Taxes Current Portion of Deferred Taxes NonCurrent Portion of Deferred Taxes 31,000 29,000 18,000 15,000 28,000 32,000 9,000 7,000 6,000 7,000 850,000 830,000 375,000 348,000 48,000 7,500 4,000 25,000 3,500 14,000 54,000 5,500 3,000 28,000 2.500 16,000 Use the information above to complete the Interest and Tax Expense sections of the accrual income statement: 24,000 Cash interest expenses Adjustments: Accrued Interest Total Interest Expense 19,000 Cash Tax Expenses Adjustments: Accrued Taxes Current Portion of Deferred Taxes Total Tax Expense Enter your answers without a $, use comma separators, and use - to indicate negative values (examples: a value of $1,000 should be entered as 1,000; a value of -$1,000 should be entered as -1,000) Entries for this question are 2 points each, or 10 points total
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