Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
FIll in blanks value 20.00 points Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the
FIll in blanks
value 20.00 points Hunter Company is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized 2015 2014 Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment $ 46,220 $ 17,000 27,000 34,000 100,000 Accumulated Depreciation-Equipment (36,200) (29,000) 25,200 28,200 108,800 $172,220 $149,000 Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings $ 23,800 $21,000 1,000 46,000 58,000 23,000 820 36,000 79,000 32,600 $172,220 $149,000 Income Statement for 2015 Sales Revenue Cost of Goods Sold Other Expenses $112,000 67,000 31,800 Net Income $ 13,200Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started