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Tock Tick Company has the following end of period account balances (except for retained earnings; its balance shown is the beginning balance): Accounts payable: $25,000
Tock Tick Company has the following end of period account balances (except for retained earnings; its balance shown is the beginning balance): Accounts payable: $25,000 Accounts receivable: $ 15,000 Accumulated depreciation: $ 100,000 Buildings and equipment: $ 300,000 Cash: $ 30,000 Common stock: $ 70,000 Cost of goods sold expense: $ 120,000 Depreciation expense: $ 30,000 Dividends: $ 50,000 Long-term notes payable: $110,000 Prepaid insurance: $ 35,000 Rent expense: $ 40,000 Retained earnings (beginning balance): $125,000 Service revenue: $260,000 Unearned revenue: $ 20,000 Wage expense: $ 90,000 13 How much is net income? Do not enter dollar signs or commas; just numbers. Answer: How much are ending retained earnings? Do not enter dollar signs or commas; just numbers. Answer: How much are current assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total current liabilities? Do not enter dollar signs or commas; just numbers. Answer: How much is total stockholders' equity? Do not enter dollar signs or commas; just numbers. Answer: X W
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