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The financial statements for Watertown Service Company include the following items: 2017 2016 Cash $52,500 $44,000 Short-term Investments 31,000 11,000 Net Accounts Receivable 53,000 51,000
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The financial statements for Watertown Service Company include the following items:
2017
2016
Cash
$52,500
$44,000
Short-term Investments
31,000
11,000
Net Accounts Receivable
53,000
51,000
Merchandise Inventory
162,000
49,000
Total Assets
530,000
549,000
Accounts Payable
130,500
126,000
Salaries Payable
16,000
18,000
Long-term Note Payable
55,000
56,000
$137,000
$97,000
$152,000
$29,000
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