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Homework answers / question archive / Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,652
| Category | Prior Year | Current Year |
| Accounts payable | ??? | ??? |
| Accounts receivable | 320,715 | 397,400 |
| Accruals | 40,500 | 33,750 |
| Additional paid in capital | 500,000 | 541,650 |
| Cash | 17,500 | 47,500 |
| Common Stock | 94,000 | 105,000 |
| COGS | 328,500 | 428,652.00 |
| Current portion long-term debt | 33,750 | 35,000 |
| Depreciation expense | 54,000 | 55,781.00 |
| Interest expense | 40,500 | 42,124.00 |
| Inventories | 279,000 | 288,000 |
| Long-term debt | 336,483.00 | 398,962.00 |
| Net fixed assets | 946,535 | 999,000 |
| Notes payable | 148,500 | 162,000 |
| Operating expenses (excl. depr.) | 126,000 | 162,155.00 |
| Retained earnings | 306,000 | 342,000 |
| Sales | 639,000 | 845,404.00 |
| Taxes | 24,750 | 48,319.00 |
What is the entry for the current year's taxes on a common-sized income statement?
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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| Category | Prior Year | Current Year |
| Accounts payable | ??? | ??? |
| Accounts receivable | 320,715 | 397,400 |
| Accruals | 40,500 | 33,750 |
| Additional paid in capital | 500,000 | 541,650 |
| Cash | 17,500 | 47,500 |
| Common Stock | 94,000 | 105,000 |
| COGS | 328,500 | 428,652.00 |
| Current portion long-term debt | 33,750 | 35,000 |
| Depreciation expense | 54,000 | 55,781.00 |
| Interest expense | 40,500 | 42,124.00 |
| Inventories | 279,000 | 288,000 |
| Long-term debt | 336,483.00 | 398,962.00 |
| Net fixed assets | 946,535 | 999,000 |
| Notes payable | 148,500 | 162,000 |
| Operating expenses (excl. depr.) | 126,000 | 162,155.00 |
| Retained earnings | 306,000 | 342,000 |
| Sales | 639,000 | 845,404.00 |
| Taxes | 24,750 | 48,319.00 |
What is the current year's accounts payable balance?
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Answer format: Number: Round to: 0 decimal places
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