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Accounts Payable $9,880 Short-Term Investments $29,270 Land $27,040 Cash $7,610 Factory Equipment $33,470 Bank Loan $29,900 Office Furniture $9,690 Prepaid Expenses $29,650 Unearned Revenue $5,870
Accounts Payable $9,880 Short-Term Investments $29,270 Land $27,040 Cash $7,610 Factory Equipment $33,470 Bank Loan $29,900 Office Furniture $9,690 Prepaid Expenses $29,650 Unearned Revenue $5,870 Required Do not enter dollar signs or commas in the input boxes. a) Calculate total current assets. Total Current Assets: $ b) Calculate total long-term assets. Total Long-Term Assets: $ 68120 c) Calculate total assets. Total Assets: $ 177810 A part-time bookkeeper for M. Falcon Tours has created the trial balance at the end of the year, and cannot get it to balance. All the entries have been journalized and posted to the general ledger properly, and all the accounts should have normal balances. December 31, 2019 M. Falcon Tours Trial Balance Account Titles DR CR Accounts Payable $3,130 Accounts Receivable $2,230 Advertising Expense $2,200 Bank Loan $5,340 Falcon, Capital $6,390 Cash $6,320 Interest Expense $420 Maintenance Expense $420 Prepaid Rent $1,910 Falcon, Withdrawals $2,730 Prepaid Insurance $1,380 Equipment $14,100 Rent Expense $6,180 Salaries Expense $4,820 Service Revenue $26,440 Telephone Expense $440 Unearned Revenue $1,850 Total $40,010 $46,290
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