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Please show your work. The following accounts appeared on the trail balance of Carla Vista Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts
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The following accounts appeared on the trail balance of Carla Vista Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $530,000 Accumulated Depreciation - Bldg. 800,000 Prepaid Insurance 54,000 Supplies 38,000 Common Stock 1,125,000 Salaries and Wages Payable 25,000 Unappropriated Retained Earnings 350,000 Debt Investments (long-term) 230,0001,479,200 Cash 160,000 Land 460,000 Bonds Payable Due 1/1/2028 985,000 Trading Securities 72,000 Allowance for Doubtful Accts. 8,000 Interest Payable 5,200 Copyrights185,000Buildings2,000,000 Notes Receivable (due in 6 months) 140,000 Accounts Payable 500,000 Income Taxes Payable 165,000 Additional Paid-in Capital 200,000 Preferred Stock 750,000 Appropriated Retained Earnings 250,000 Compute each of the following: 1. Total current assets $2,473,200 2. Total property, plant, and equipment $1,660,000 3. Total assets $4,598,200 4. Total current liabilities $880,200 5. Total stockholders' equity $2,675,000Step by Step Solution
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