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I answered the question but not sure if I am right. pLease elaborate. The following accounts appeared on the trail balance of Crane Company at
I answered the question but not sure if I am right. pLease elaborate.
The following accounts appeared on the trail balance of Crane Company at December 31, 2020. Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings Compute each of the following: $195,000 710,000 38,000 29,000 260,000 180,000 7,300 185,000 130,000 165,000 800,000 300,000 Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Trading Securities Interest Payable Buildings Accounts Payable Additional Paid-in Capital 2527950 1040000 4012950 814400 $580,000 50,000 1,225,000 280,000 1,480,250 450,000 77,000 5,400 420,000 190,000 1. 2. 3. 4. Total current assets Total property, plant, and equipment Total assets Total current liabilities
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