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MacBook reported the following balances on December 31, 1999. Calculate total current liabilities on Macbook's balance sheet. Account Name Balance Accounts payable 14,500 Accounts receivable
MacBook reported the following balances on December 31, 1999. Calculate total current liabilities on Macbook's balance sheet.
Account Name | Balance |
Accounts payable | 14,500 |
Accounts receivable | 28,200 |
Accumulated depreciation | 125,500 |
Allowance for doubtful accounts | 2,100 |
Cash | 67,890 |
Inventory | 36,100 |
Notes payable (due in 18 months) | 27,600 |
Notes receivable (due in 9 months) | 8,200 |
Prepaid rent | 3,600 |
Prepaid insurance | 5,700 |
Property, plant & equipment | 370,000 |
Salaries payable | 6,800 |
Supplies | 2,200 |
Taxes payable | 4,800 |
Unearned revenue | 1,500 |
Utilities payable | 790 |
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