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August 23, 2014

Homework Help: Accounting

Posted by Tjo05 on Thursday, November 11, 2010 at 7:21pm.

I have the following items listed on a balance sheet and income statement:
Balance Sheet:
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Equipment
Accumulated Deprecation
Accounts Payable
Income Taxes Payable
Dividends Payable
Salaries Payable
Interest Payable
Notes Payable - Current Portion
Notes Payable - Long Term Portion
Prefered Stock
Common Stock
Additional Paid In Capital
Retained EArnings

Income Statement:
Sales
Cost of Goods Sold
Sales and Wages Expenses
Deprecation Expenses
Operating Expenses
Income from Operations
Interest Expense
Loss on Sale of Computer equipment
Income before tax
Income Tax Expense.


How do I find or Which of these do I use to find
1. Short Term Debt
2. Long Term Debt

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