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Use the following information and fill in the blanks. Data table The 2024 comparative balance sheet and income statement of Alden Group, Inc. follow. Alden
Use the following information and fill in the blanks.
Data table The 2024 comparative balance sheet and income statement of Alden Group, Inc. follow. Alden disposed of a plant asset at book value during 2024 . (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. been completed.) Alden Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2024 \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Panel A-Balance Sheet: } & \multirow{2}{*}{\begin{tabular}{c} Balance \\ 12/31/2023 \end{tabular}} & \multicolumn{4}{|c|}{ Transaction Analysis } & \multirow{2}{*}{\begin{tabular}{c} Balance \\ 12/31/2024 \end{tabular}} \\ \hline & & & DEBIT & CREDIT & & \\ \hline Cash & 15,000 & (a) & 1,000 & & & 14,000 \\ \hline Accounts Receivable & 43,700 & (b) & 1,100 & & & 42,600 \\ \hline Merchandise Inventory & 93,200 & & & 4600 & (c) & 96,800 \\ \hline Land & 13,000 & & & 25100 & (d) & 38,100 \\ \hline Plant Assets & 111,160 & & & 8900 & (e) & 120,060 \\ \hline Accumulated Depreciation-Plant Assets & (16,960) & & & 1300 & (f) & (18,260) \\ \hline Total Assets & & & & & & \\ \hline Accounts Payable & 26,200 & (g) & 1,400 & & & 24,800 \\ \hline Accrued Liabilities & 22,800 & & & 1,700 & (h) & 24,500 \\ \hline Notes Payable & 64,000 & (i) & 16,000 & & & 48,000 \\ \hline Total Liabilities & 113,000 & & & & & 97,300 \\ \hline \end{tabular} Data tableStep by Step Solution
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