Question
The accumulated depreciation for 2017 is $189100 Complete the balance sheet for 2016 ans 2017 (Round to the nearest dollar.) Partial Income Statement Year Ending
The accumulated depreciation for 2017 is $189100
Complete the balance sheet for 2016 ans 2017
(Round to the nearest dollar.)
Partial Income Statement Year Ending 2017 | |
Sales revenue | $350,000 |
Cost of goods sold | $141,800 |
Fixed costs | $43,100 |
Selling, general, and administrative expenses | $27,900 |
Depreciation | $45,900 |
Partial Balance Sheet 12/31/2016 | |||
ASSETS |
| LIABILITIES |
|
Cash | $15,900 | Notes payable | $13,800 |
Accounts receivable | $28,200 | Accounts payable | $18,900 |
Inventories | $47,800 | Long-term debt | $190,200 |
Fixed assets | $368,100 | OWNERS' EQUITY |
|
Accumulated depreciation (-) | $143,200 | Retained earnings |
|
Intangible assets | $82,000 | Common stock | $132,000 |
Partial Balance Sheet 12/31/2017 | |||
ASSETS |
| LIABILITIES |
|
Cash | $25,800 | Notes payable | $12,200 |
Accounts receivable | $19,100 | Accounts payable | $24,100 |
Inventories | $53,200 | Long-term debt | $161,900 |
Fixed assets | $447,900 | OWNERS' EQUITY |
|
Accumulated depreciation (-) |
| Retained earnings |
|
Intangible assets | $81,900 | Common stock | $181,800 |
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