Question: Exercise 1 3 - 9 A ( Algo ) Comprehensive analysis LO 1 3 - 2 , 1 3 - 3 The December 3 1
Exercise A Algo Comprehensive analysis LO
The December Year balance sheet for Stuart Corporation is presented here. These are the only accounts on Stuart's balance
sheet. Amounts indicated by question marks can be calculated using the following additional information:
Required
a Compute the balance in trade accounts payable as of December Year
b Compute the balance in retained earnings as of December Year
c Compute the balance in the inventory account as of December Year Assume that the level of inventory did not chans
last year.
Note: For all requirements, negative amounts should be indicated by a minus sign. Do not round intermediate calculation
your answers to the nearest whole dollar amount.
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