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the second one is question and the first one required things and this is an assignment of accounting Name: Type your name bere? Cl Es

the second one is question and the first one required things
and this is an assignment of accounting
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image text in transcribed
Name: Type your name bere? Cl Es Excel Templates Chapter 12 CP12-3 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Given Data } \\ \hline \multicolumn{3}{|c|}{ HUNTER COMPANY } \\ \hline & 2020 & 2019 \\ \hline \multicolumn{3}{|l|}{ Balance Sheet at December 31} \\ \hline Cash & 44,000 & 18,000 \\ \hline Accounts Receivable & 27.000 & 29,000 \\ \hline Merchandise Inventory & 30,000 & 36,000 \\ \hline Property and Equipment & 111,000 & 102,000 \\ \hline \multirow[t]{2}{*}{ Less: Accumulated Depreciation } & (36,000) & (30,000) \\ \hline & 176,000 & 155,000 \\ \hline Accounts Payable & 25,000 & 22,000 \\ \hline Wages Payable & 800 & 1,000 \\ \hline Note Payable, Long-Term & 38,000 & 48,000 \\ \hline Contributed Capital & 80,000 & 60,000 \\ \hline \multirow[t]{2}{*}{ Retained Earnings } & 32,200 & 24,000 \\ \hline & 176,000 & 155,000 \\ \hline \multicolumn{3}{|l|}{ Income Statement for 2020} \\ \hline Sales & 100,000 & \\ \hline Cost of Goods Sold & 61,000 & \\ \hline Other Expenses & 27,000 & \\ \hline Net Income & 12,000 & \\ \hline \end{tabular} Additional Data: a. Cash paid for equipment. b. Cash paid on long-term note payable. c. Cash received from issuing new shares. d. Cash dividend declared and paid. e. Other expenses: Depreciation Wages Taxes Other 9,000 10.000 20,000 3,800 f. Accounts payable includes only inventory purchases on credit. Taxes and other expenses paid fully in cash

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