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The following is the ending balances of accounts at December 31, 2024, for the Weismuller Publishing Company. Account Title Cash Accounts receivable Inventory Prepaid
The following is the ending balances of accounts at December 31, 2024, for the Weismuller Publishing Company. Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits $ 65,000 Credits 160,000 285,000 148,000 320,000 $ 110,000 140,000 60,000 20,000 80,000 30,000 200,000 16,000 400,000 202,000 $ 1,118,000 $ 1,118,000
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