Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the current years entry for long term debt on a common sized balance sheet? Category Accounts payable Accounts receivable Accruals Additional paid in

image text in transcribed

What is the current years entry for long term debt on a common sized balance sheet?

Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. deprj) Retained earnings Sales Taxes Pcmyear 41 115,200 16,200 200,000 37,600 131 ,400 21 ,600 16,200 111,600 135,000 376,651 woo 59,400 50,400 Currentyear 45,000 122,400 13,500 216,660 42,000 177,410.00 22,113.00 16,443.00 115,200 138,758.00 399,600 64,800 62,019.00 122,400 136,800 339j33.oo 255,600 9,900 18,952.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions