60.1K
Verified Solution
Link Copied!
Balance sheet. Use the data from the following financial statements in the popup window,
LOADING...
. Complete the balance sheet.Hint:Find the accumulated depreciation for 2014 first.
The accumulated depreciation for 2014 is
$nothing.
(Round to the nearest dollar.)
Partial Income Statement Year Ending 2014 Sales revenue $350,200 Cost of goods sold $142,000 $42,900 Fixed costs Selling, general, and administrative expenses $27,900 $46,100 Depreciation Partial Balance Sheet 12/31/2013 ASSETS LIABILITIES $16,000 Notes payable $13,900 Cash $27,800 Accounts payable $18,900 Accounts receivable $48,100 Long-term debt $190,000 Inventories $368,100 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) $140,500 Retained earnings Intangible assets $82,000 Common stock $131,900 Partial Balance Sheet 12/31/2014 LIABILITIES ASSETS $26,000 Notes payable $12,200 Cash $18,800 Accounts payable $23,900 Accounts receivable $53,100 Long-term debt $161,900 Inventories $448,200 OWNERS' EQUITY Fixed assets Retained earnings Accumulated depreciation (-) Intangible assets $82,000 Common stock $181,800
Answer & Explanation
Solved by verified expert
