Required information The comparative balance sheets for 2018 and 2017 and the statement of income...
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Accounting
Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also DUx COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable $ 60 $ 39 78 Less: Allowance for uncollectible (5)4) accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 90 85 46 I 95 75 0 Less: Accumulated depreciation S2) (90) S 475 S 453 52 175 22 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 37 64 2 10 10 11 20 85 (3) 4) 0 60 Less: Discount on bonds Shareholders Equity Cormon stochk Paid-in capital-excess of par Retained earnings 210 24 87 200 20 91 Less: Treasury stock (at cost) s 475 453
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