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1 Question 1 10 points Save Answer Dentek Ltd, manufactures small items of equipment for dental surgeries and provides a six month warranty on its
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Question 1 10 points Save Answer Dentek Ltd, manufactures small items of equipment for dental surgeries and provides a six month warranty on its products. The following are some of the items which appear on the adjusted year-end Trial balance at 31 August 2021. Inventories Accruals Bank overdraft Trade receivables Trade payables Prepayments Provision for depreciation Provision for warranties Rental income 000's 620 55 110 210 308 43 82 34 22 Using the information and the list provided, identify only those items that would be classified as current assets and current liabilities. Having identified those items, what is the total amount that will appear on Dentek's Statement of financial position for current assets and current liabilities? Current assets 873,000; Current liabilities 589,000 O Current assets 873,000; Current liabilities E473,000 O Current assets 895,000; Current liabilities 589,000 Current assets 873,000; Current liabilities 507,000 Current assets 885,000; Current liabilities 577,000Step by Step Solution
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