Accounts receivable.
$ 6,000
Bank overdraft..
$ 2,300
Notes receivable (due on February 2nd 2025) 6,000
Accounts payable.
11,000
Merchandise inventory..
17,600
Notes payable (due 2026)
56,800
Equipment..
74,000
Accumulated depreciation-
equipment.
9,200
Depreciation expense.
22,900
Sales..
62,500
J. Johanna, drawings.
16,000
Rent revenue..
10,000
Utilities expense.
2,200
J. F, capital.
18,000
Sales discounts.
3,300
Cost of goods sold...
20,000
Sales returns and allowances.
1,800
$169,800
$169,800
What would the following amounts be on the Income Statement for year ended Dec 31, 2024:
Net Sales Blank 1
Gross Profit Blank 2
Profit from operations Blank 3
Net Profit for the year Blank 4
What would the following amounts be on the Balance Sheet as at Dec 31, 2024:
Current Assets Blank 5
Total Assets Blank 6
Current Liabilities Blank 7
Non-Current liabilities Blank 8
I