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Use these account balances to calculate the following amounts. Accounts payable Accounts receivable Capital stock Cash Inventory Land Long-term investments Notes payable Prepaid insurance Retained

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Use these account balances to calculate the following amounts. Accounts payable Accounts receivable Capital stock Cash Inventory Land Long-term investments Notes payable Prepaid insurance Retained earnings Salaries payable Supplies 2,000 37,000 26,000 133,000 7,000 49,000 23,000 23,000 67,000 ? 92,000 10,000 Retained Earnings Current Assets Total Assets Current Liabilities Total Liabilities Total Equity Working Capital Current Ratio Use these account balances to calculate the following amounts. Advertising Cost of goods sold Dividends Rent Salaries expense Sales revenue Net income Gross profit Profit margin 12,000 82,000 6,000 20,000 63,000 251,000

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