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e help me witv this homework CUI IL REPO Rodriquez Corporation's comparative balance sheets are presented below: Cash RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
e help me witv this homework
CUI IL REPO Rodriquez Corporation's comparative balance sheets are presented below: Cash RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 $16,600 Accounts receivable 25,400 Investments 19,850 Equipment 59,950 Accumulated depreciation-equipment (14,150) Total $107,650 2019 $17,200 22,400 16,250 69,850 (10,300 ) $115,400 Accounts payable Bonds payable Common stock Retained earnings Total $14,450 10,100 49,900 33,200 $107,650 $11,050 30,000 45,300 29,050 $115,400 Additional information: Net income was $18,450. Dividends declared and paid were $14,300. Equipment which cost $9,900 and had accumulated depreciation of $1,500 was sold for $3,400. No noncash investing and financing activities occurred during 2020. CUI IL REPO Rodriquez Corporation's comparative balance sheets are presented below: Cash RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 $16,600 Accounts receivable 25,400 Investments 19,850 Equipment 59,950 Accumulated depreciation-equipment (14,150) Total $107,650 2019 $17,200 22,400 16,250 69,850 (10,300 ) $115,400 Accounts payable Bonds payable Common stock Retained earnings Total $14,450 10,100 49,900 33,200 $107,650 $11,050 30,000 45,300 29,050 $115,400 Additional information: Net income was $18,450. Dividends declared and paid were $14,300. Equipment which cost $9,900 and had accumulated depreciation of $1,500 was sold for $3,400. No noncash investing and financing activities occurred during 2020Step by Step Solution
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