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Restaurant Supply, Inc., started business on January 1, 20X1. The following information relates to 20X2, the second year of operations Tax rate Estimated taxes paid
Restaurant Supply, Inc., started business on January 1, 20X1. The following information relates to 20X2, the second year of operations Tax rate Estimated taxes paid during the year 21% 13,000 Accounts payable 281,000 Accounts receivable 85,400 Accumulated depreciation (220,100) Additional paid-in-capital 398,600 Beginning retained earnings 284,100 Cash 150,000 Common stock 187,500 Cost of goods sold 328,000 Depreciation expense 131,000 Dividends delcared (28,900) Equipment 2.006.900 Inventory 29.500 Notes payable 698,400 Salary expense 235.000 938.000 Sales 85,400 Accumulated depreciation (220,100) Additional paid-in-capital 398,600 Beginning retained earnings 284,100 Cash 150,000 Common stock 187,500 Cost of goods sold 328,000 Depreciation expense 131,000 Dividends delcared (28,900) Equipment 2,006,900 Inventory 29,500 Notes payable Salary expense Sales Taxes payable 698,400 235,000 938,000 ??? Given the above information, what is taxes payable
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