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Exercise 115 The following accounts appeared on the trail balance of Elbert Company at December 31, 2017. $518,400 56,250 1,125,000 34,200 Unappropriated Retained Earnings 318,000

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Exercise 115 The following accounts appeared on the trail balance of Elbert Company at December 31, 2017. $518,400 56,250 1,125,000 34,200 Unappropriated Retained Earnings 318,000 $192,000 Accounts Receivable Notes Payable (short-term) Accumulated Depreciation-Bldg.783,000 Prepaid Insurance Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2025 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) 138,000 Accounts Payable Income Taxes Payable Preferred Stock Appropriated Retained Earnings 37,800 Common Stock 1,580,250 465,000 73,200 5,700 1,926,000 409,950 163,800 281,400 Inventory 170,250 Land 1,200,000 Trading Securities 7,800 Interest Payable 192,900 Buildings Additional Paid-in Capital 156,000 750,000 294,000 Compute each of the following: 1. Total current assets 2. Total property, plant, and equipments 3. Total assets

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