Answered>Order 6601
Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012: Cash$ 227,000 Merchandise Inventory (12/31/2012)100,000 Equipment120,000 Accounts Receivable105,000 Common Stock ($.50 par)350,000 Sales880,000 Rent Expense67,000 Bonds Payable (due 2040)120,000 Accounts Payable27,000 Dividends10,000 Treasury Stock, Common (19,000 shares)47,000 Preferred Stock 6% ($10 par)85,000 Land260,000 Paid-in Capital […]