Question
Presented below are selected accounts for Medtronic Canada for December 31 of the current year. Answer the questions below. Debit Credit Accounts PayableTrade 625 Accounts
Presented below are selected accounts for Medtronic Canada for December 31 of the current year. Answer the questions below.
Debit Credit Accounts PayableTrade 625 Accounts Receivabletrade $720 Accumulated Depreciation 225 Additional Paid in Capital 600 Allowance for Uncollectible Accounts 55 Building and Equipment 1020 Cash Dividends Declared 240 Cash Dividends Payable 60 Cash in bankOperating 49 Common Stock$1 par value 45 Income Summary 348 Income tax payable 85 Installment receivables 60 Interest Receivable 35 Land 300 Merchandise Inventory 25 Notes payable2 years 900 Notes receivableLong term 525 Patent 60 Petty cash 8 Prepaid expensescurrent 32 Retained Earnings 65 Supplies 19 Unearned Revenues2 years. 85 TOTALS $3093$3093
a) What are current assets for Medtronic?
b) What are current liabilities for Medtronic?
c) What are total assets for Medtronic?
d) What are long-term assets for Medtronic?
e) What are long-term liabilities for Medtronic?
f) What are total liabilities for Medtronic?
g) What is total stockholders' equity for Medtronic?
h) What is ending retained earnings for Medtronic?
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