16) the following financial information is from Patrick's company. All depth is due within a year and less soda otherwise accounts payable 15 K buildings 80 K cash 10,500 accounts receivable 9500 sales tax payable 4500 retained earnings 47, 500 supplies 40,000 notes payable to do an 18 months 35,000 interest payable 3000 common stock 35,000 what is the amount of current assets assuming the accounts reflect normal activity?

17) a companies account is trying to prepare financial statements from the messed up data from this partial adjusted trial balance. What is the total amount of credits? Cash 22,400 interest payable 5000 supplies expense 12,000 deferred revenue 3800 dividends 3000 common stock 32,000 equipment 48,000. Notes payable due in 18 months 12,000 retained earnings 26 200. Depreciation Expense 2500 accumulated depreciation 4300 accounts receivable 16,500.

adjusting entries:

a) always involve at least one income, statement account and one balance sheet account b often include the cash account c) adjust the balance of revenue and expense amounts to zero. d) usually are recorded in the beginning of the accounting period.