Question
21 (6 points) Please use the following adjusted trial balance provided below to calculate the following amounts and enter them in the spaces provided: 1.
21 (6 points) Please use the following adjusted trial balance provided below to calculate the following amounts and enter them in the spaces provided: 1. Total current assets (2 marks) 2. Total current liabilities (2 marks) 3. Total property, plant & equipment (2 marks) Enter your answer in the following format Sxxxxxxxx Do not enter decimals. For example five thousand is entered as $5,000 Cash Cost of goods sold Accounts receivable Supplies Inventory Land Buildings Carl's Classic Cars Ltd Adjusted Trial Balance December 31, 2020 Debit Credit 5,000 505,000 155,000 10,000 340,000 395,000 495.000 $123,750 55.000 15.000 Accumulated depreciation, buildings Accounts payable Line of credit Bank Loan payable Common shares Retained earnings Dividends declared Sales revenue Depreciation expense Income tax expense General and administrative expense Total Additional Information $35,000 of the bank loan is due in 2021 Blank #1 Blank # 2 Blank # 3 N P 755,000 255,000 14.625 33,000 975,000 12.375 125,000 118,000 52.193,375 $2,193,375
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