Question: Problem 24-4 Presented below is the comparative balance sheet for swifty Company. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December

 Problem 24-4 Presented below is the comparative balance sheet for swiftyCompany. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND2017 December 31 2018 2017 Assets Cash $178,300 $276,000 219,900 Accounts receivable(net) 154,300 Short-term investments 149,700 269,400 1,069,600 Inv entories 982,200 Prepaid expenses24,900 24,900 Plant & equipment 2,604,600 1,968,800 (990,000) (752,100) Accumulated depreciation $3,376,700

Problem 24-4 Presented below is the comparative balance sheet for swifty Company. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash $178,300 $276,000 219,900 Accounts receivable (net) 154,300 Short-term investments 149,700 269,400 1,069,600 Inv entories 982,200 Prepaid expenses 24,900 24,900 Plant & equipment 2,604,600 1,968,800 (990,000) (752,100) Accumulated depreciation $3,376,700 2,803,800 Liabilities and Stockholders Eguity Accounts payable $49,900 $74,700 Accrued expenses 170,100 198,600 Bonds payable 188,900 446,600 2,109,800 1,777,900 Capital stock Retained earnings 600,300 563,700 $3,376,700 $2,803,800

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