Answer the below question. Tax rate 21% Estimated taxes paid during the year 1,000 Accounts payable 27,400
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Answer the below question.
Tax rate | 21% |
Estimated taxes paid during the year | 1,000 |
Accounts payable | 27,400 |
Accounts receivable | 8,600 |
Accumulated depreciation | (21,800) |
Additional paid-in-capital | 39,900 |
Beginning retained earnings | 28,400 |
Cash | 15,000 |
Common stock | 18,800 |
Cost of goods sold | 33,000 |
Depreciation expense | 13,000 |
Dividends delcared | 2,800 |
Equipment | 199,200 |
Inventory | 3,000 |
Notes payable | 69,300 |
Salary expense | 24,000 |
Sales | 94,000 |
Taxes payable | ??? |
Given the above information, what is net income?
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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