Accounts payable: $ 20,000 Accounts receivable: $10,000 Accumulated depreciation: $ 100,000 Buildings and equipment: $...

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• Accounts payable: $ 20,000 • Accounts receivable: $10,000 Accumulated depreciation: $ 100,000 Buildings and equipment: $ 350,000 • Cash: $ 30,000 . . Common stock: $ 60,000 • Cost of goods sold expense: $70,000 • Depreciation expense: $30,000 • Dividends: $ 50,000 • Long-term notes payable: $ 110,000 • Prepaid insurance: $ 35,000 • Rent expense: $ 40,000 • Retained earnings (beginning balance): $ 120,000 • Service revenue: $ 305,000 Unearned revenue: $10,000 • Wage expense: $ 110,000 . How much is net income? Do not enter dollar signs or commas; just numbers. Answer: How much are ending retained earnings? Do not enter dollar signs or commas; just numbers. Answer: How much are total current assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total current liabilities? Do not enter dollar signs or commas; just numbers. How much is total stockholders' equity? Do not enter dollar signs or commas; just numbers. Answer: • Accounts payable: $ 20,000 • Accounts receivable: $10,000 Accumulated depreciation: $ 100,000 Buildings and equipment: $ 350,000 • Cash: $ 30,000 . . Common stock: $ 60,000 • Cost of goods sold expense: $70,000 • Depreciation expense: $30,000 • Dividends: $ 50,000 • Long-term notes payable: $ 110,000 • Prepaid insurance: $ 35,000 • Rent expense: $ 40,000 • Retained earnings (beginning balance): $ 120,000 • Service revenue: $ 305,000 Unearned revenue: $10,000 • Wage expense: $ 110,000 . How much is net income? Do not enter dollar signs or commas; just numbers. Answer: How much are ending retained earnings? Do not enter dollar signs or commas; just numbers. Answer: How much are total current assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total assets? Do not enter dollar signs or commas; just numbers. Answer: How much are total current liabilities? Do not enter dollar signs or commas; just numbers. How much is total stockholders' equity? Do not enter dollar signs or commas; just numbers. Answer:

Answer rating: 100% (QA)

Net Income 55000 Workings Income Statement Revenue Service Revenue 305000 Cost of Goods Sold 70000 G... View the full answer