Please see the attached photo. ACCOUNT 2003 2002 CHANGE IN PERCENTAGEAMOUNTCASH40,200 44,300ACC REC.131,400 127,600MERCHANDISEINV92,200 88,100PREPAIDINSURANCE3,700 4,100OFFICE SUPPLIES 6,200 4,000TOTAL CURRENTASSETSLAND154,000 154,000BUILDING231,700 237,000FIXTURES23,900 21,400VEHICLES55,100 64,000COMPUTERS16,800 13,000TOTAL NON-CURRENT ASSETSTOTAL ASSETSACCOUNTSPAYABLE51,800 55,700SALARIES25,100 23,200PAYABLENOTES PAYABLE 19,000 38,000TOTAL CURRENT? ?LIABILITIESMORTGAGE88,900 91,300PAYABLEBONDS PAYABLE 165,000 165,000TOTAL NON-? ?CURRENTLIABILITIESTOTALLIABILITIESCOMMON STOCK 350,000 350,000RETAINED113,800 86,300EARNINGSTOTAL OWNER'SEQUITYТОTALLIABILITIES ANDOWNER'S EQUITY

Formula : Total Assets = current assets + Non current Assets.

Answered: ACCOUNT 2003 2002 CHANGE IN PERCENTAGE…

ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 44,300 ACC REC. 131,400 127,600 MERCHANDISE 92,200 88,100 INV PREPAID 3,700 4,100 INSURANCE OFFICE SUPPLIES 6,200 4,000 TOTAL CURRENT ASSETS

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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