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Metlock, Inc. reported the following information for 2017. Metlock, Inc. reported the following information for 2017. Metlock, Inc. Comparative Balance Sheets December 31 2017 2016
Metlock, Inc. reported the following information for 2017.
Metlock, Inc. reported the following information for 2017. Metlock, Inc. Comparative Balance Sheets December 31 2017 2016 Change Increase/Decrease Assets $53,070 $36,090 $16,980 Increase Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 61,620 44,300 5,980 54,830 39,740 Increase 44,300 Increase 1,990 Increase 14,770 Decrease 21,880 0 3,990 69,600 198,720 198,720 0 (20,910) 13,940) 6,970 Increase 182,270 (27,950) 10,070) 17,880 Increase 68,670 113,600 Increase 551,930 $374,940 Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings 42,780 40,020 9,920 149,570 59,490 179,410115,940 551,930 $374,940 2,760 Increase 9,920 Decrease 50,440 Decrease 171,120 Increase 63,470 Increase 0 99,130 230,610 TotalsStep by Step Solution
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