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The following are selected account balances of Jackson Company in random order as of Dec 31, 2018. Question 35 The following are selected account balances
The following are selected account balances of Jackson Company in random order as of Dec 31, 2018.
Question 35 The following are selected account balances of Jackson Company in random order as of Dec. 31, 2018. $113,100 $78,720 $45,000 Dividends Patent Sales Taxes Payable $4,800 $4,800 $4,000 Gains in disposal of assets Building Sales Common Stock (par $10) Bonds Payable (due in 5 years) Cost of Goods Sold Preferred Stock, 10% Salaries Expense Accounts Payable Merchandise Inventory Land Accounts Receivable Accumulated Depreciation- Building Cash Rent Expense Retained Earnings, Jan. 1 $28,800 $23,040 $22,080 $19,200 $18,240 $17,280 $16,000 $14,400 Depreciation Expense Utilities Expense Salaries Payable Sales Returns Interest Expense Prepaid Rent Interest Payable $3,840 $3,200 $2,880 $2,880 $1,920 $1,920 $2,000 $1,600 $11,520 Interest Revenue $6,320 $5,760 Bad Debts Expense Allowance for Bad Debts Accumulated other comprehensive income $1,500 $1,200 $960 $3,000 Credit $14,400 Compute total Property, Plant, and Equipment as of December 31st Example of Answer: 4000 (No comma, space, decimal point, or $ sign)Step by Step Solution
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