(Answered) Increase decrease increase decreasecash 70220 account

Accounting

Increase Decrease Increase decrease

Cash $70,220 Account Payable $(53,000)

Account Receivable 50,700 Bonds Payable 83,800

Inventory 135,200 Common Stock 125,600

Investment (48,240) Paid- In Capital in excess of par-common stock 14,220

Compute the net income for the current year, assuming that there were no entries in retained earnings was paid in current year

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