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Wright Corporation had the following permanent accounts and ending balances on December 31, 2019 ( before adjusting entries ): Dr. ($) Cr. ($) Cash 400,000

Wright Corporation had the following permanent accounts and ending balances on December 31, 2019 (before adjusting entries):

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Dr. ($) Cr. ($) Cash 400,000 Equipment 1,600,000 Bonds payable 950,000 Retained earnings 300,000 Allowance for Doubtful Accounts 9,000 FV-OCI investments 600,000 Inventory 720,000 Accumulated Depreciation- 120,000 Equipment Accounts payable 560,000 Accounts receivable 320,000 Common shares 1,700,000 Accumulated OCI 30,000 Prepaid insurance 20,000 FV-NI investments 180,000

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