Question
Belchfire Motors accountant was called away after completing only half of the consolidated statements at the end of 20X4. The data left behind included the
Belchfire Motors accountant was called away after completing only half of the consolidated statements at the end of 20X4. The data left behind included the following: Item Belchfire Motors Premium Body Shop Consolidated Cash $ 40,400 $ 19,500 $ 59,900 Accounts Receivable 180,500 31,000 200,500 Inventory 218,400 51,200 269,600 Buildings and Equipment (net) 305,000 295,000 600,000 Investment in Premium Body Shop 157,000 Total Debits $ 901,300 $ 396,700 $ 1,130,000 Accounts Payable $ 28,800 $ 51,700 Bonds Payable 393,000 188,000 Common Stock 190,000 100,000 Retained Earnings 289,500 57,000 Total Credits $ 901,300 $ 396,700
Compute the consolidated totals for each of the remaining balance sheet items.
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