Question
A company reported the following information at December 31, 2013: Accounts payable $ 4,680 Accounts receivable $ 9,530 Cash $ 25,290 Contributed capital $ 91,800
A company reported the following information at December 31, 2013:
| Accounts payable | $ | 4,680 | |
| Accounts receivable | $ | 9,530 | |
| Cash | $ | 25,290 | |
| Contributed capital | $ | 91,800 | |
| Equipment | $ | 51,300 | |
| Inventory | $ | 33,000 | |
| Notes payable, due 2015 | $ | 2,680 | |
| Retained Earnings | $ | 14,270 | |
| Wages payable | $ | 5,690 | |
What is the amount of current assets on the classified balance sheet?
What is the amount of current liabilities on the classified balance sheet?
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An Auditors Guide To Auditing Financial Statements In The UK
Authors: Steve Collings
1st Edition
1526527480, 978-1526527486
