patty4
Apr 21, 2009, 12:17 PM
The given information is:
Accumulated Depreciation $38,000
Long-term debt? (how do I find this)
Inventory 5,000
General and administrative expenses 1,000
Interest Expense 1, 200
Common Stock 50,000
Cost of Goods Sold 6,000
Short-term notes 750
Depreciation Expense 600
Sales 13,000
Accounts Receivable 10,000
Accounts Payable 5,000
Buildings and Equipment 120,000
Cash 11,000
Taxes 1,300
Retained Earnings 10, 250
It also asked to prepare an income statement as well. Is there anyone that can help me.
Accumulated Depreciation $38,000
Long-term debt? (how do I find this)
Inventory 5,000
General and administrative expenses 1,000
Interest Expense 1, 200
Common Stock 50,000
Cost of Goods Sold 6,000
Short-term notes 750
Depreciation Expense 600
Sales 13,000
Accounts Receivable 10,000
Accounts Payable 5,000
Buildings and Equipment 120,000
Cash 11,000
Taxes 1,300
Retained Earnings 10, 250
It also asked to prepare an income statement as well. Is there anyone that can help me.