XYZ Company's accounting records reported the followingaccount balances as of December 31, 2024:SuppliesCommon stockSales revenueBuildingAccounts payableTrademark*****Accumulated depreciationInsurance expenseCash...Salaries payableLandDividends.Rental revenue...…...……Advertising expenseAccounts receivableRetained earnings.Salaries expense....Inventory****************PatentInterest revenueEquipment...Notes payableCost of goods sold*******$18,000$73,000$92,000$56,000$11,000$34,000$59,000$21,000?$44,000$17,000$76,000$22,000?$30,000 (at Jan. 1, 2024)$41,000$26,000$37,000$51,000$29,000$84,000$49,000Additional information:1) The total current assets at December 31, 2024 wereequal to $134,000.2) The total P-P-E at December 31, 2024 was equal to$107,000:Calculate the balance in the salaries payable accountat December 31, 2024.

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XYZ Company's accounting records reported the following account balances as of December 31, 2024: Supplies ..... Common stock Sales revenue.... Building Accounts payable Trademark Accumulated depreciation Insurance expense Cash Salaries payable Land. Dividends Rental revenue ******** ****** ... ***** ****** Advertising expense.... Accounts receivable ********* Retained earnings Salaries expense ******* $18,000 $73,000 $92,000 ? $56,000 $11,000 $34,000 $59,000 $21,000 $44,000 $17,000 $76,000 $22,000 $30,000 (at Jan. 1, 2024) $41,000

XYZ Company's accounting records reported the following account balances as of December 31, 2024: Supplies ..... Common stock Sales revenue.... Building Accounts payable Trademark Accumulated depreciation Insurance expense Cash Salaries payable Land. Dividends Rental revenue **** ... * Advertising expense.... Accounts receivable * Retained earnings Salaries expense *** $18,000 $73,000 $92,000 ? $56,000 $11,000 $34,000 $59,000 $21,000 $44,000 $17,000 $76,000 $22,000 $30,000 (at Jan. 1, 2024) $41,000

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 20P

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