Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional
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Category | Prior year | Current year |
Accounts payable | 41,400 | 45,000 |
Accounts receivable | 115,200 | 122,400 |
Accruals | 16,200 | 13,500 |
Additional paid in capital | 200,000 | 216,660 |
Cash | ??? | ??? |
Common Stock @ par value | 37,600 | 42,000 |
COGS | 131,400 | 175,703.00 |
Depreciation expense | 21,600 | 23,256.00 |
Interest expense | 16,200 | 16,922.00 |
Inventories | 111,600 | 115,200 |
Long-term debt | 135,000 | 138,850.00 |
Net fixed assets | 378,531.00 | 399,600 |
Notes payable | 59,400 | 64,800 |
Operating expenses (excl. depr.) | 50,400 | 64,851.00 |
Retained earnings | 122,400 | 136,800 |
Sales | 255,600 | 338,091.00 |
Taxes | 9,900 | 19,372.00 |
What is the entry for the current year's operating expense on a common-sized income statement?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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