Accounting?

Answers:0   |   LastUpdateAt:2012-08-28 19:58:03  

Question
Demie
Asked at 2012-08-28 19:58:03
Balance December 31, 2003 MedlinePlus ( thousands ) MedlinePlus 72 Cash MedlinePlus Accounts receivable , net 93 MedlinePlus Interest receivable 3
135 Inventory MedlinePlus Prepaid expenses 18
Plant assets , net 245
Total 272 MedlinePlus Accounts payable 91 MedlinePlus Accrued liabilities 5
Long Term Notes Payable 160
Common stock 200 MedlinePlus Retained earnings 110 MedlinePlus Total 566 MedlinePlus MedlinePlus Tranactional data (1 January 04-31 March 2004) MedlinePlus Credit sales 284,000 MedlinePlus Returnes to customers ( on credit ) by March 45 000 31.04 MedlinePlus Cost of sales of 55% of net sales MedlinePlus MedlinePlus 271,000 customers Collections Account 90,000 Purchases from MedlinePlus Cash dividends 16,000
Cash paid for equipment 150,000 MedlinePlus MedlinePlus 18,000 loan payment Proceeds from issuance of common stock 87,000 more MedlinePlus Proceeds from long-term debt 45,000 MedlinePlus Payments to suppliers 156,000 MedlinePlus Salary expenses (cash ) 56 , 000 MedlinePlus Depreciation 14, 000 MedlinePlus Enter inventing obsolete . March 31.2004 12.000 MedlinePlus Other operating expenses (cash ) 19,000 MedlinePlus 4000 Interest expense MedlinePlus MedlinePlus Create a balance sheet , score sheet , cash flow statement ending March 31, 2004
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