Presente bon are changes in all the account balances of Fritz Mayhew Furmiture Co. during the current year, except for retained earnings. Increase (Decrease) $(51,000) 82,000 125,000 Increase...


Presente bon are changes in all the account balances of Fritz Mayhew Furmiture Co. during the current year, except for retained earnings.<br>Increase<br>(Decrease)<br>$(51,000)<br>82,000<br>125,000<br>Increase<br>(Decrease)<br>Cash<br>$79,000<br>Accounts Payable<br>Accounts Receivabie (net)<br>45,000<br>Bonds Payable<br>Inventory<br>127,000<br>Commen Stock<br>Investments<br>(47,000)<br>Paid-in Capital in Excess of Par-Common Stock<br>13,000<br>Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of<br>$19,000 which was paid in the current year.<br>Net income<br>

Extracted text: Presente bon are changes in all the account balances of Fritz Mayhew Furmiture Co. during the current year, except for retained earnings. Increase (Decrease) $(51,000) 82,000 125,000 Increase (Decrease) Cash $79,000 Accounts Payable Accounts Receivabie (net) 45,000 Bonds Payable Inventory 127,000 Commen Stock Investments (47,000) Paid-in Capital in Excess of Par-Common Stock 13,000 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $19,000 which was paid in the current year. Net income

Jun 11, 2022
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