The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed...
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The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable. Accounts Receivable. Aircraft Fuel Expense Cash Common Stock Dividends Equipment Incone Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues $4,255 680 9,700 3,070 1,270 45 15,570 290 230 4,100 7,000 2,200 7,525 3,430 730 22,100 3. Prepare a balance sheet at December 31. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.) The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable. Accounts Receivable. Aircraft Fuel Expense Cash Common Stock Dividends Equipment Incone Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues $4,255 680 9,700 3,070 1,270 45 15,570 290 230 4,100 7,000 2,200 7,525 3,430 730 22,100 3. Prepare a balance sheet at December 31. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.)
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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