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December 31 2020 2019 Cash $16,000 $31,000 Accounts receivable (net) 70,000 61,000 Inventory 61,000 51,000 Plant assets (net) 201,000 182,000 $348,000 $325,000 Accounts payable
December 31 2020 2019 Cash $16,000 $31,000 Accounts receivable (net) 70,000 61,000 Inventory 61,000 51,000 Plant assets (net) 201,000 182,000 $348,000 $325,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 100,500 100,500 Common stock, $10 par 136,000 120,500 Retained earnings 61,500 43,500 $348,000 $325,000
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
