Question
ommunity College learn.vccs.edu Applications | Rapididentity Use the following data to determine the total dollar amount of assets to be classified as current assets.
ommunity College learn.vccs.edu Applications | Rapididentity Use the following data to determine the total dollar amount of assets to be classified as current assets. Nighthawk Corporation Balance Sheet December 31, 2020 Accounts Cash $130,000 $151,000 payable Accounts Salaries and 123,800 27,700 receivable wages payable Inventory Note payable 208,500 271,500 (due 2025) Supplies 95,500 Total liabilities $450,200 Land 538,500 Buildings $335,500 Common stock $360,000 Less: Retained Accumulated (56,100) 279,400 779,800 earnings depreciation Total Franchise 214,300 stockholders' $1.139.800 equity Total liabilities and Total assets $1,590,000 $1,590,000 stockholders' equity (Do not include dollar signs in your response. The system will enter commas if necessary)
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