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Vaughn Manufacturing compiled the following financial information as of December 31, 2017: Service revenue $848000 Common stock$199000 Equipment $231000 Operating expenses $749000 Cash $213000 Dividends$55000
Vaughn Manufacturing compiled the following financial information as of December 31, 2017:
Service revenue $848000
Common stock$199000
Equipment $231000
Operating expenses $749000
Cash $213000
Dividends$55000
Supplies$28000
Accounts payable $113000
Accounts receivable$85000
Retained earnings, (1/1/17)$431000
Vaughn assets on December 31, 2017 are:
Please identify the assets and the liabilities so I can know for the future. Thank you!
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