Fill in Blanks with correct entries. Include Answer

for Accumulated Depreciation.

Assets

Current Assets

Cash

$300,000\mathrm{.}00$

Accounts Receivable

$($Less Allowance for Doubtful Accounts

$$25,000$

$50,000\mathrm{.}00$

Inventory

$140,000\mathrm{.}00$

Total Current Assets

Land

Plant & Equipment $($ $$21,000$ less accumulated

depreciation$)$ ANS:

$16,000\mathrm{.}00$

Total Assets

$515,{000\mathrm{.}00}_{?}$

Liabilities & Stockholder's Equity

Accounts Payable

$62,000\mathrm{.}00$

Notes Payable

$13,000\mathrm{.}00$

Accrued Wages

Taxes Owed

$10,000\mathrm{.}00$

Total Current Liabilities

$(291,000\mathrm{.}00)$

Long term Debt

Stockholders Equity

$515,000\mathrm{.}00$

Common Stock $(1$$par $100,000$ outstanding;

$7000$ authorized$)$

Retained Earnings

Total Stockholders Equity

$291,000\mathrm{.}00$

Total Liabilities and Stockholders Equity