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ABC COMPANY ADJUSTED TRIAL. BALANCE DECEMBER 31, 2016 Account Cash Accounts recelvable Inventory Prepaid rent Equipment Dr. Cr. Accumulated Depreclation-Equipment Acoounts Payable Notes Payable (due
ABC COMPANY ADJUSTED TRIAL. BALANCE DECEMBER 31, 2016 Account Cash Accounts recelvable Inventory Prepaid rent Equipment Dr. Cr. Accumulated Depreclation-Equipment Acoounts Payable Notes Payable (due in 6mo ) Salaries Payable Notes Payable (due in 6 yrs) A.B. Conley, Capital A.B. Conley, Wathdrawais $60,00020,00070,0005,00050,000 Sales Interest income Costs of goods sold Selling expense General and administratwe expense Interest expense 10,000$10,00040,0004,00010,00050,00075,000 Use Problem 2 (ABC Company financial statements) to answer this question. The total of Current Assets is: Problem 2 $205,000$195,000$155,000$390,000
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