Mgmt_200_Spring_2008_solutions_3-21-08(3,24)

Mgmt_200_Spring_2008_solutions_3-21-08(3,24) - Management...

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Management 200 – Introductory Financial Accounting– Spring 2008 Krannert School of Management - Purdue University Solutions to class assignment for March 21, 2008 E9–1. 1 (a) Current assets. .......................................................................... $170,100 Current liabilities: Accounts payable. ................................................................ $60,000 Income taxes payable. .......................................................... 12,000 Liability for withholding taxes. ............................................ 3,000 Rent revenue collected in advance. ...................................... 14,000 Wages payable. .................................................................... 7,800 Property taxes payable. ........................................................ 2,000 Note payable, 10% (due in 6 months). ................................. 10,000 Interest payable. ................................................................... 400 (109,200) Working capital. .......................................................................
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This note was uploaded on 11/22/2009 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

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Mgmt_200_Spring_2008_solutions_3-21-08(3,24) - Management...

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