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Presented below is a partial trial balance for the Alias Corporation at December 31, 2021. Account DBT CRT Cash 30,000 Cash tied to repayment of
Presented below is a partial trial balance for the Alias Corporation at December 31, 2021.
Account | DBT | CRT |
Cash | 30,000 | |
Cash tied to repayment of bands payable | 100,000 | |
AR | 195,000 | |
Allowance for Doubtful Accounts | 24,000 | |
Notes Receivable (due Nov. 1 2022) | 120,000 | |
Interest Receivable (on Notes Receavable) | 4,000 | |
Raw Materials Inventory | 36,000 | |
Work in Process Inventory | 38,000 | |
Finished Goods Inventory | 98,000 | |
Marketable Securities | 48,000 | |
Prepaid Insurance (exp June 30, 2022) | 60,000 | |
Land | 100,000 | |
Buildings | 1,500,000 | |
Equipment | 400,000 | |
Accumulated Dep. - Bldg | 740,000 | |
Accumulated Dep - Eqmt | 230,000 | |
Patents (net of amortization) | 120,000 | |
Unearned Revenue | 48,000 | |
Bonds Payable (mat. sept. 30 2025) | 500,000 | |
Interest Payable (on bonds) | 7,000 | |
Accounts Payable | 240,000 | |
Salaries Payable | 6,000 |
Additional information:
- Interest receivable on the notes is due every six months.
-Interest payable on bonds is due every March 31st and September 30th.
-Management does not intend to sell any of its marketable securities in the next year.
-Unearned revenue will be earned equally over the next eighteen months.
What are the total current assets, current liabilities and total assets December 31, 2021??
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