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$518,400 56,250 PROB. 4 Balance sheet computations. The following accounts appeared on the trail balance of Elbart Company at December 31, 2017. Notes Payable (short-term)
$518,400 56,250 PROB. 4 Balance sheet computations. The following accounts appeared on the trail balance of Elbart Company at December 31, 2017. Notes Payable (short-term) $192.000 Accounts Receivable Accumulated Depreciation - Bldg. 783,000 Prepaid Insurance Supplies 37,800 Salaries and Wages Payable 34,200 Common Stock Debt Investments (long-term) 281,400 Unappropriated Retained Earnings Cash 170,250 Inventory Bonds Payable Due 1/1/2025 1,200,000 Land Allowance for Doubtful Acets. 7,800 Trading Securities Copyrights 192,900 Interest Payable Notes Receivable (due in 6 months) 138,000 Buildings Income Taxes Payable 156,000 Accounts Payable Preferred Stock 750,000 Additional Paid-in Capital Appropriated Retained Earnings 294,000 Instructions Compute each of the following: 1. Total current assets [6] 2. Total property, plant, and equipment 3. Total assets [4] 4. Total current liabilities [6] 5. Total stockholders' equity [5] 1,125,000 318,000 1,580,250 465,000 73,200 5,700 1,926 409,950 163,800
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