Accounts receivable 45000 land 120000 bonds payable

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Accounts receivable45,000Land120,000Bonds payable, long-term300,000Goodwill12,000Buildings226,500Retained earnings90,000Cash72,000Sales revenue600,000Common stock225,000Supplies inventory4,500Cost of goods sold270,000Supplies expense9,000Equipment105,000Wages expense60,000Barth Company Income Statement For Year Ended December 31, 2011Sales revenue$600,000ExpensesCost of goods sold270,000Wages expense60,000Supplies expense9,000Total expenses339,000Net income$261,000Barth Company Balance Sheet
December 31, 2011AssetsCash72,000Accounts receivable45,000Supplies inventory4,500Inventory54,000Land120,000Equipment105,000Buildings226,500Goodwill12,000Total assets639,000Liabilities and equityAccounts payable24,000Bonds payable, long-term300,000Total liabilities324,000Common stock225,000Retained Earnings90,000Total equity315,000Total liabilities and equity639,000CorrectMarks for this submission: 1.00/1.00.Check
Question Correct1.00 points out of1.00Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Target Corporation.(a) Indicate whether each account appears on the balance sheet (B) or income statement (I).($ millions)AmountClassificationSales$61,471IAccumulated depreciation7,887BRetained earnings12,761BDepreciation expense1,659INet income2,849IProperty, plant & equipment, net24,095BSelling, general & administrative expense13,704IAccounts receivable8,054BTotal liabilities29,253BStockholders' equity15,307B(b) Using the data, compute total assets and total expenses.4

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