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vicada2782
vicada2782
23.09.2020 • 
Business

You are provided with the following information for Sunland Company, effective as of its April 30, 2022, year-end. Accounts payable $ 856
Accounts receivable 840
Accumulated depreciation—equipment 590
Cash 1,380
Common stock 17,000
Cost of goods sold 1,000
Depreciation expense 425
Dividends 315
Equipment 2,600
Goodwill 2,000
Income tax expense 175
Income taxes payable 155
Insurance expense 270
Interest expense 550
Inventory 1,010
Investment in land 14,670
Land 2,900
Mortgage payable (long-term) 4,500
Notes payable (short-term) 54
Prepaid insurance 50
Retained earnings (beginning) 1,500
Salaries and wages expense 650
Salaries and wages payable 280
Sales revenue 5,100
Stock investments (short-term) 1,200

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