blackboard pmu.edu.sa Intermediate Acet1_202 - Course Room Bb Collaborate Tulce Test: Please add your answer here-mister 1120% Remaining Time: 45 minutos, 06 seconds. Question Completion Status The December 31, 2015, post-closing trial balance for Ahmad's Company is presented below: Credits Debits 42,500 70.000 27.500 4,500 Cash Investments Accounts receivable Prepaid insurance Inventories Marketable securities Land Building - historical cost Building - net Copyright Accounts payable Unearned Revenue Notes payable, duc in 5 years Interest payable Bonds payable, due 2023 Ordinary share capital, Retained earnings 35,000 115,000 192.500 200,000 45,000 50,000 37,500 80,000 270.000 10.000 35,000 85,000 64,500 582,000 582,000 Additional information: 1. The investment account represents $20,000 of stock has intentions to sell in June 2016 and the remaining no intention to sell in 2016. 2. The Markctable securities consists of treasury bills, S30.000 of them will mature in May, 2016 and the remaining of treasury bills will mature in 2019. 3. The balance in the land account consists of 100,000 for the cost of the land for the offices of the business. The remaining represents the cost of land held for speculations. Uncarned revenue of $80,000 is included as a current liability even though only half of it will be earned in 2016. 4. Required: Prepare a classified statement of financial position for Ahmad Company at December What is the Total current liabilities