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Constable Company reported the following information at December 31, Year 1: Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory $ 4,620 9,470 24,690 91,200
Constable Company reported the following information at December 31, Year 1: Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory $ 4,620 9,470 24,690 91,200 50,700 32,400 2,620 14,210 4,610 Notes Payable due December 31, Year 3 Retained Earnings, December 31, Year 1 Wages Payable What is the amount of current liabilities on the classified balance sheet? Multiple Choice $11,850 $9,230 $4,620 $7,240 Constable Company reported the following information at December 31, Year 1: Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory $ 4,620 9,470 24,690 91,200 50,700 32,400 2,620 14,210 4,610 Notes Payable due December 31, Year 3 Retained Earnings, December 31, Year 1 Wages Payable What is the amount of current assets on the classified balance sheet? Multiple Choice $66,560 $38,900 $117,260 $24,690 Constable Company reported the following information at December 31, Year 1: Accounts Payable Accounts Receivable Cash Common Stock $ 4,620 9,470 24,690 91,200 50,700 32,400 Notes Payable due December 31, Year 3 Retained Earnings, December 31, Year 1 2,620 14,210 4,610 Equipment Inventory Wages Payable What is the amount of current liabilities on the classified balance sheet? Multiple Choice $11,850 $9,230 $4,620 $7,240
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