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Business
Accounting
Accounts payable Income tax payable Other liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Stockholders' Equity

Accounts payable Income tax payable Other liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Stockholders' Equity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data table e help December 31, 2021 (Amounts in thousands) Account Cash Accounts receivable Inventories Prepaid expenses Property, plant, and equipment Accumulated depreciation-property, plant, and equipment Other assets Accounts payable Income tax payable Other liabilities Common stock Retained earnings (beginning, December 31, 2020) Dividends Sales revenue Cost of goods sold Selling, administrative, and general expenses Income tax expense Total Print Done $ Debit 4,800 1,800 2,100 1,200 16,800 9,500 1,200 25,700 10,200 2,400 75,700 $ Credit 2,800 7,400 900 2,600 14,700 5,900 41,400 75,700 I
Transcribed Image Text:Data table e help December 31, 2021 (Amounts in thousands) Account Cash Accounts receivable Inventories Prepaid expenses Property, plant, and equipment Accumulated depreciation-property, plant, and equipment Other assets Accounts payable Income tax payable Other liabilities Common stock Retained earnings (beginning, December 31, 2020) Dividends Sales revenue Cost of goods sold Selling, administrative, and general expenses Income tax expense Total Print Done $ Debit 4,800 1,800 2,100 1,200 16,800 9,500 1,200 25,700 10,200 2,400 75,700 $ Credit 2,800 7,400 900 2,600 14,700 5,900 41,400 75,700 I
Liabilities Stockholders' Equity Accounts payable Income tax payable Other liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
Transcribed Image Text:Liabilities Stockholders' Equity Accounts payable Income tax payable Other liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
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