The following is the balance sheet of Korver Supply Company at December 31,2023(prior year). ...
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Accounting
The following is the balance sheet of Korver Supply Company at December prior year
Transactions during current year were as follows:
Sales to customers on account
Cash collected from customers
Purchase of inventory on account
Cash payment to suppliers
Cost of inventory sold
Cash paid for operating expenses
Cash paid for interest on notes
$
Additional Information:
The notes payable are dated June and are due on June Interest at is payable annually on June Depreciation on the furniture and fixtures for is $ The furniture and fixtures originally cost $
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