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How do you calculate the total amount of current assets and total amount of current liabilities? Tuesday, May 26, 2020 1:01 AM Cash $23,741 Depreciation

How do you calculate the total amount of current assets and total amount of current liabilities?

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Tuesday, May 26, 2020 1:01 AM Cash $23,741 Depreciation Expense $3,100 Taxes Payable $712 Mortgage Payable $23,500 Land $17,400 Treasury Stock $1,600 Tuition $1,250 Accounts $9,252 Supplies Discounts Receivable Expenses $355 Bonds Payable $28,000 Accumulated Depreciation $17,250 Income Tax Expense $780 Equipment $22,600 Interest Expense $2,900 Notes Payable $11,000 Current Cost of Goods Current Portion Sold $11,200 of Bonds $6,200 Portion of Mortgage $2,350 Payable Payable Tuition Revenues $47,500 Utilities $1,950 Inventory $22,500 (Gross) Expense Discount of Salaries Revenues from Bonds Payable $970 $12,000 Software $85 Expense Licenses Buildings $42,000 Goodwill $350 Advertising Expenses $2,340 Sales Expenses $7,200 Salaries Marketable Payable $412 Securities $8,450 Accounts Payable $3,340 PrePaid Expenses $750 Deferred Revenues $1,670 Current Interest Payable $710 Dividends Payable $500 Portion Notes 1,100 Payable Allowance for Bad Debts $859 Common stock = 22,000 at the beginning of the year + 3,500 during the year Earnings = 23,400 at the beginning of the year Dividends = 1,400 during the year

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