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Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts. Liabilities and Stockholders' Equity Liabilities Notes payable $ 23,500 Stockholders' Equity Common stock
Here are incomplete financial statements for Ivanhoe Company. Calculate the missing amounts.
Liabilities and Stockholders' Equity Liabilities Notes payable $ 23,500 Stockholders' Equity Common stock 36,200 Retained earnings (c) Total liabilities and stockholders' equity $ (d) Calculate the missing amounts. IVANHOE COMPANY Balance Sheet Assets Cash $ 28,800 Supplies (a) Equipment (net) 63,900 Total assets $ (b) Liabilities and Stockholders' Equity IVANHOE COMPANY Income Statement Revenues $ 51,500 Depreciation expense (e) Salaries and wages expense 10,800 Interest expense 1,200 Net income $ 25,100 IVANHOE COMPANY Retained Earnings Statement Beginning retained earnings $ (f) Add: Net income (g) bar Less: Dividends 6,700 Ending retained earnings $ 37,600 TALLI MASStep by Step Solution
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