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Hendrick Corporation's trial balance for the end of its fiscal year on December 31, included the following asset and liability accounts: Accounts Receivable $12,000 Note
Hendrick Corporation's trial balance for the end of its fiscal year on December 31, included the following asset and liability accounts: Accounts Receivable $12,000 Note Payable, due in 9 months $30,000 Inventories 57,000 Salaries Payable 9,000 Accounts Payable 50,000 Prepaid Insurance 6,000 Note receivable, due in two Copyright 18,000 74.000 years Investments 41,000 Cash in Bank 5,000 Bond Payable, maturing in 9 years 36,000 Note payable, due in 5 years 60,000 Dividends Payable 22,000 Land 42,000 The investm are treasury hills that were purchased in November that will mature on February 15. The prepaid insurance is The investments are treasury bills that were purchased in November that will mature on February 15. The prepaid insurance is a three-year policy that was purchased on December 31st Enter the amount of: Current Assets $ Current Liabilities Noncurrent Liabilities
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