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Please show working anwsers. Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets $ 240,000
Please show working anwsers.
Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets $ 240,000 Current Assets Cash Accounts receivable ($ Liabilities and Stockholders' Equity Current liabilities Accounts payable $ Notes payable to banks Accrued wages 580,000 150,000 less allowance for doubtful accounts of $25,000) Inventory Total current assets 1,290,000 1,440,000 Taxes Owed Total current liabilities Long-term debt 60,000 1,210,000 $ $ Land Stockholders' equity Plant and equipment ($2,190,000 less accumulated depreciation Common stock ($1 par, 520,000 shares authorized, 460,000 outstanding) $ 1,360,000 Total assets $ 4,780,000 Retained earnings Total stockholders' equity $ 2,960,000 Total liabilities and equity $Step by Step Solution
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