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Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: Credits > Debits by:
Yoric Company listed the net changes in its balance sheet accounts for the past year as follows:
Debits > Credits by: | Credits > Debits by: | |||
Cash | $ | 116,300 | ||
Accounts receivable | 170,500 | |||
Inventory | $ | 63,800 | ||
Prepaid expenses | 4,300 | |||
Long-term loans to subsidiaries | 89,000 | |||
Long-term investments | 93,000 | |||
Plant and equipment | 294,000 | |||
Accumulated depreciation | 65,100 | |||
Accounts payable | 48,600 | |||
Accrued liabilities | 5,000 | |||
Income taxes payable | 9,700 | |||
Bonds payable | 206,000 | |||
Common stock | 125,000 | |||
Retained earnings | 75,900 | |||
$ | 683,100 | $ | 683,100 | |
The following additional information is available about last year |
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