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accounts payable 62000 wages payable 21000 interest payable 24000 notes payable 34000 mortgage payable 84000 common stock 69000 retained earnings 57000 land 114000 long term
accounts payable 62000
wages payable 21000
interest payable 24000
notes payable 34000
mortgage payable 84000
common stock 69000
retained earnings 57000
land 114000
long term investment in stocks 36000
notes receivable (due in 3 yrs) 26000
accounts receivable 24000
cash 26000
prepaid expenses 10800
supplies 10200
intangible assets 15000
trucks 15k accumulated depreciation 12000
inventory 55000
1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for plant assets on the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Identify the company's current assets and their amounts. Current Assets: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Identify the company's current liabilities and their amounts. Current Liabilities: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the total amount reported for plant assets on the balance sheet. Total plant assetsStep by Step Solution
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