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Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000
Waterway Industries compiled the following financial information as of December 31, 2022:
Service revenue | $1200000 |
Common stock | 230000 |
Equipment | 309000 |
Salaries and wages expense | 370000 |
Rent expense | 92500 |
Depreciation expense | 462500 |
Cash | 282000 |
Dividends | 75000 |
Supplies | 42000 |
Accounts payable | 158000 |
Accounts receivable | 104500 |
Retained earnings, 1/1/22 | 555000 |
Waterway's total assets at December 31, 2022 are:
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