A list of accounts for Maple Inc. at 12/31/2017 follows:
Accounts Receivable $2,359 Advertising Expense 4,510
Buildings and Equipment, Net 55,550
Capital Stock 50,000 Cash 590
Depreciation Expense 2,300 Dividends 6,000
Income Tax Expense 3,200 Income Tax Payable 3,200
Interest Receivable 100 Inventory: January 1, 2017 6,400
Inventory: December 31, 2017 7,500 Land 20,000
Net purchases 39,400 Retained Earnings, January 1, 201732,550
Salaries Expense 25,600 Salaries Payable 650
Net sales 83,584 Transportation-In 375
Utilities Expense 3,600
MAPLE INC. BALANCE SHEET AT DECEMBER 31, 2017
Assets Current assets:
Cash $ T $ T $ T $
Total current assets F
Property, plant, and equipment: T $ T $
Total property, plant, and equipment F
Total assets F Liabilities
Current liabilities: T $ T $
Total liabilities F Stockholders' Equity T $ T $
Total stockholders' equity F
Total liabilities and stockholders' equity F
