Question

Prepare the ledger with the financial data from ABC Corp.
Sales: $3,200,000
Cost of goods sold: $1,920,000
Gross Profit: $1,280,000
Administrative overhead: $875,000
Profit before interest and taxes: $405,000
Interest: $32,000
Taxes: $128,00
Depreciation: $57,000
Net profits: $188,000
Cash: $60,000
Accounts receivable: $357,000
Inventory: $530,000
Fixed assets: $1,200,000
Total assets: $2,147,000
Accounts payable: $385,000
Short-term bank loans: $130,000
Long-term debt: $550,000
Equity: $1,082,000​

Answer 1

Explanation:

account payable,fixed assest