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The December 3 1 , Year 4 , balance sheet for Finch Corporation is presented here. These are the only accounts on Finch's balance sheet.
The December Year balance sheet for Finch Corporation is presented here.
These are the only accounts on Finch's balance sheet. Amounts indicated by question
marks can be calculated using the following additional information:
Required
a Compute the balance in trade accounts payable as of December Year
b Compute the balance in retained earnings as of December Year
c Compute the balance in the inventory account as of December Year Assume
that the level of inventory did not change from last year.
For all requirements, negative amounts should be indicated by a minus sign. Do
not round intermediate calculations. Round your answers to the nearest whole
dollar amount.
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