Question
Knowing that the total current assets balance is $59,400; total assets is $225,200 and total liabilities is $51,900, compute the following balances: 1)Allowance for Doubtful
Knowing that the total current assets balance is $59,400; total assets is $225,200 and total liabilities is $51,900, compute the following balances: 1)Allowance for Doubtful Account balance * $1,100 $2,300 $3,400 None of the options ...... 2)Total Long-Term Investments * $36,000 $43,900 $48,300 None of the options ......
3)Total Property, Plant & Equipment * $94,500 $88,900 $85,500 None of the options ......
4)Total Intangible Assets * $1,100 $7,600 $32,000 None of the options ........
5)Total Current Liabilities * $21,700 $24,900 $27,900 None of the options .... 6)Total Long-Term Liabilities * $23,000 $27,000 $30,200 None of the options ..... 7)Unearned Revenue balance * $10,300 $11,700 $14,900 None of the options ..... Common Stock balance * $88,000 $99,000 $111,000 None of the options
ABC Company had the following accounts' balances at the end of the year 2020, listed in alphabetical order Accounts Payable $ 11,000 Accounts Receivable 5,400 Accumulated Depreciation Equipment 4,500 Allowance for Doubtful Account ??? Bank Overdraft 3,200 Bonds Payable 25,000 Cash 23,000 Cash restricted for future expansion 14,300 Common Stock ??? Discount on Bonds Payable 2,000 Equipment 23,000 Equipment not in use and held for sale 3,400 Inventory 12,600 67,000 Land Pension Fund 22,000 Premium on Common Stock 23,000 12,000 51,300 Prepaid Rent (24 moths) Retained Earnings Supplies Tax Payable 8,500 3,000 Trade name 32,000 7.600 Trading Securities Treasury Stock 11,000 Unearned RevenueStep by Step Solution
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