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Balance Sheet, September 30 Assets Liabilities and Stockholder's Equity Cash $130 Accounts Payable $140 Prepaid Insurance 60 Salaries Payable 20 Accounts Receivable 100 Mortgage Payable
Balance Sheet, September 30 Assets Liabilities and Stockholder's Equity Cash $130 Accounts Payable $140 Prepaid Insurance 60 Salaries Payable 20 Accounts Receivable 100 Mortgage Payable 160 Inventory 140 Land 330 Total Liabilities Common Stock 320 240 Building 340 Retained Earnings 500 Less Accumulated Depreciation (40) 300 Total stockholders' equity 740 Total Liabilities and Stockholders' Total Assets $1,060 Equity $1.060 The total dollar amount of assets to be classified as property, plant, and equipment would be: $330. $670 $340 $630 The total dollar amount of assets to be classified as current assets would be: $580 $430 $360 O $290
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