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S 3 5 6 7 S 9 10 Accounts Receivable 11 Merchandise Inventory 12 Property and Equipment Balance Sheet at December 31 Cash 14 15

S 3 5 6 7 S 9 10 Accounts Receivable 11 Merchandise Inventory 12 Property and Equipment Balance Sheet at December 31 Cash 14 15 16 Accounts Payable 17 18 13 Contributed Capital 20 Retained Earnings 21 22 Income Statement for 2020 23 Sales 24 Cost of Goods Sold 25 Other Expenses 26 Net Income 36 ST 38 Less: Accumulated Depreciation 40 Given Data HUNTER COMPANY Wages Payable Note Payable, Long-Term 28 Additional Data: 29 a. Cash paid for equipment. 30 32 33 e Other expenses. b. Cash paid on long-term note payable c. Cash received from issuing new shares. d. Cash dividend declared and paid. Depreciation Wages Taxes Other 2020 $ 44,000 $ 18,000 27,000 29,000 30,000 36,000 111,000 102,000 [36,000) (30,000) $ 176,000 $ 155,000 $25,000 $ 22,000 800 1,000 38,000 48,000 80,000 60,000 32,200 24,000 $ 176,000 $ 155,000 $ 100,000 61,000 27,000 $ 12,000 9,000 10,000 20,000 3,800 2019 10,000 3,000 8,000 F. Accounts payable includes only inventory purchases on credit. Taxes and other expenses paid fully in cash.
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Given Data HUNTER COMPANY Balance Sheet at December 31 Cash Accounts Receivable Merchandise Inventory Property and Equipment Less: Accumulated Depreciation 20202019 Accounts Payable Wages Payable Note Payable, Long-Term Contributed Capital Retained Earnings $44,00027,00030,000111,000$18,00029,00036,000102,000 \begin{tabular}{rr} (36,000)(30,000) \\ \hline$176,000$155,000 \\ \hline \hline \end{tabular} Income Statement for 2020 Sales Cost of Goods Sold Other Expenses Net income \begin{tabular}{rr} $25,000 & $22,000 \\ 800 & 1,000 \\ 38,000 & 48,000 \\ 80,000 & 60,000 \\ 32,200 & 24,000 \\ \hline$176,000$155,000 \\ \hline \hline \end{tabular} Additional Data: a. Cash paid for equipment. b. Cash paid on long-term note payable c. Cash received from issuing new shares d. Cash dividend declared and paid $100,000 61,000 27,000$12,000 e. Other expenses. Depreciation Wages Takes 9,00010,00020,0003,800 Other 6,000 10,000 3,000 8,000 f. Accounts payable includes only inventory purchases on credit. Taxes and other expenses paid fully in cash

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