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Presented below is the ending balances of accounts for the Kansas Instruments Corporation at Dece Account Title Debits Credits 23,000 136,000 27,000 103,000 6,000 Cash
Presented below is the ending balances of accounts for the Kansas Instruments Corporation at Dece Account Title Debits Credits 23,000 136,000 27,000 103,000 6,000 Cash Accounts receivable Raw materials Note receivable Interest receivable Interest payable Marketable securities Land Buildings Accumulated depreciation-buildings Work in process Finished goods Equipment Accumulated $ 8,000 35,000 53,000 1,360,000 623,000 45, 000 92,000 306,000 133,000 depreciation-equipment Patent (net of amortization) Prepaid rent (for the next tro years) 123,000 63,000 39, 000 183,000 430,000 Deferred revenue Accounts payable Note payable Cash restricted for payment of note payable Allowance for uncollectible accounts Sales revenue Cost of goods sold Rent expense 83,000 16, 000 860,000 453,000 31,000 Additional Information: 1. The note recelvable, along with any accrued interest, is due on November 22, 2019. 2. The note payable is due in 2022 Interest is payable annually 3. The marketable securties consist of treasury bills, all of which mature in the next year 4. Deferred revenue will be recognized as revenue equally over the next two years. Prev
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