Rojas Corporationās comparative balance sheets are presented below.
ROJAS CORPORATION
Compara...
Business, 05.06.2020 16:00, jessysmith9678
Rojas Corporationās comparative balance sheets are presented below.
ROJAS CORPORATION
Comparative Balance Sheets
December 31
2017
2016
Cash
$ 14,600
$ 10,600
Accounts receivable
21,600
23,400
Land
20,400
26,000
Buildings
70,100
70,100
Accumulated depreciationābuildings
(15,000
)
(10,500
)
Total
$111,700
$119,600
Accounts payable
$ 12,700
$ 28,300
Common stock
75,200
71,200
Retained earnings
23,800
20,100
Total
$111,700
$119,600
Additional information:
1. Net income was $22,500. Dividends declared and paid were $18,800.
2. No noncash investing and financing activities occurred during 2017.
3. The land was sold for cash of $4,500.
Rojas Corporationās comparative balance sheets are
Rojas Corporationās comparative balance sheets are
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