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For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers. Total Revenue 27,625;

For the below Income Statement and Balance Sheet, you are to match the Available Choices with the Accounts that are missing numbers. Total Revenue 27,625; Common Stock 16; Retained Earnings ________; Long Term Bonds (Liability) 742; Capital Leases (Long Term Liability) 965; Research & Development Expense 1,055; Other Long Term Assets 4,420; Total Long Term Assets 5,174; Total Assets 24,342; General and Administrative Expenses 14,502; Labor Expense __________; Accounts Payable 2,010; Current Portion of Long Term Debt _________; Other Long Term Liabilities 1,049: Interest Expense 923; Total Current Liabilities 3,936; Income Before Tax __________; Short Term Investments 51; Net Receivables ___________; Inventory 3,000; Other Current Assets 748; Net Income -12,288; Cash And Cash Equivalents 10,301; Total Current Assets _________; Long Term Investments 45; Total Liab. and Equity _________; Cost of Revenue 20,730; Other Current Liabilities 1,006; Bank Loans (Long Term) _________; Gross Profit ________; Depreciation 65; Selling Expense 760; Operating Income -11,362; Property Plant and Equipment 505; Goodwill 0 Other Long Term Investments 204; Total Liabilities 6,692; Redeemable Preferred Stock 74; Preferred Stock 150; Income Tax Expense ___________; Capital Surplus 38,624. This format is somewhat confusing as below these comments you see a list of accounts adjacent to a list of numbers. Usually, some of the numbers are correct by sheer chance. Your job is to use all of the numbers with all of the accounts. Use the pull-down menu to match the proper account to the correct number.

Question 11 options:

Total Current Assets

Bank Loans (Long Term)

Net Receivables

Gross Profit

Total Liabilities and Owner's Equity

Labor Expense

The Remaining/Unused Number

Income Tax Expense

Retained Earnings

Short /Current Long Term Debt

  • 6895
  • 3
  • 1875
  • 5068
  • 920
  • 19168
  • -21214
  • 24342
  • 0
  • 748

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