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ER eBook Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar Assets Liabilities and Stockholders' Equity

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ER eBook Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar Assets Liabilities and Stockholders' Equity Current Assets Current liabilities 260,000 Accounts payable 5 Accounts receivable Notes payable to banks ($ less allowance for Accrued wages 620,000 120,000 1,300,000 1,590,000 100,000 1,260,000 doubtful accounts of $20,000) Inventory Total current assets $ Taxes owed Total current liabilities Long-term debt $ Stockholders' equity Land Plant and equipment ($2.460,000 less accumulated depreciation Common stock ($1 par, 680,000 shares authorized 610,000 outstanding 1,760,000 3 5,270,000 Total assets Retained earnings 2,940,000 Total stockholders' equity Total liabilities and equity

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