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A companys trial balance included the following account balance: Accounts Payable $19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable,
A companys trial balance included the following account balance: Accounts Payable $19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders Equity 202,808 Supplies 5,512 Wage Payable 12,880 1. What is the amount of Total Assets on the balance sheet? 2. What is the amount of Total Liabilities on the balance sheet?
A companys trial balance included the following account balance: Accounts Payable $19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders Equity 202,808 Supplies 5,512 Wage Payable 12,880 1. What is the amount of Total Assets on the balance sheet? 2. What is the amount of Total Liabilities on the balance sheet?
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
