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help quick Presented below is the trial balance of Cullumber Corporation at December 31, 2020. Credit Debit $377,600 $15,552,000 294,400 9,216,000 573,440 532,480 172,800 872,960
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Presented below is the trial balance of Cullumber Corporation at December 31, 2020. Credit Debit $377,600 $15,552,000 294,400 9,216,000 573,440 532,480 172,800 872,960 3,840,000 121,600 Cash Sales Revenue Debt Investments (trading) (at cost, $218,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain 499,200 1,996,800 261,120 184,320 834,560 291,840 48,640 1,728,000 405,760 1,145,600 15131600 153,600 1,728.000 1,152,000 1,920,000 115,200 307,200 Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 1,920,000 367,360 375,040 149,760 153,600 $23,645,440 $23,645,440 Compute each of the following: 1. Total current assets $ $ 2. Total property, plant, and equipment $ 3. Total assets $ 4. Total liabilities $ 5. Total stockholders' equity $ Step by Step Solution
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