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llowing accounts appeare d on the trail balance of Elbert Company at December 31, 2017 Notes Payable (short-term) S192,000 Accounts Receivable 783,000 Prepaid Insurance $518.400
llowing accounts appeare d on the trail balance of Elbert Company at December 31, 2017 Notes Payable (short-term) S192,000 Accounts Receivable 783,000 Prepaid Insurance $518.400 56,250 Accumulated Depreciation Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2025 Allowance for Doubtful Acets. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings 37,800 34,200 Common Stock 1,125,000 281,400 Unappropriated Retained Earnings 318.000 1,580,250 170,250 Inventory 1,200,000 Land 465,000 73,200 7,800 Trading Securities 192,900 Interest Payable 138,000 156,000 750,000 294,000 5.700 Buildings Accounts Payable Additional Paid-in Capital 1,926, ooo 409,950 163.800 Instructions Compute each of the following 1. Total current assets 2. Total property, plant, and equipment 3. Total assets 4. Total current liabilities 5. Total stockholders' equity
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