Question: Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Liabilities and Stockholders' Equity Assets Current Assets

 Problem 9-03 Fill in the blanks below with the correct entries.

Problem 9-03 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Liabilities and Stockholders' Equity Assets Current Assets Current liabilities Accounts payable Cash 200,000 590,000 Accounts receivable 170,000 Notes payable to banks Accrued wages ($ less allowance for doubtful accounts of $30,000) Taxes owed 1,320,000 150,000 1,730,000 Total current liabilities Inventory 1,450,000 Total current assets Long-term debt Stockholders' equity Land Plant and equipment Common stock ($1,870,000 less ($1 par, 730,000 shares authorized, accumulated depreciation 670,000 outstanding) 970,000 Retained earnings 4,660,000 Total assets Total stockholders' equity 2,700,000 Total liabilities and equity $ %24

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