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Fill in the blanks below with the correct entries. Round your answers to the nearest dollar Problem 9-03 Fill in the blanks below with the
Fill in the blanks below with the correct entries. Round your answers to the nearest dollar
Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Current Assets Cash Accounts receivable less allowance for doubtful accounts of $40,000) Inventory Total current assets Land Plant and equipment ($2,490,000 less accumulated depreciation Total assets 220,000 1,310,000 1,600,000 1,770,000 5,320,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable to banks Accrued wages Taxes owed Total current liabilities Long-term debt Stockholders' equity Common stock ($1 par, 740,000 shares authorized, 690,000 outstanding) Retained earnings Total stockholders' equity Total liabilities and equity 630,000 100,000 60,000
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