Question
Queseyo's trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) $19,000 Trading securities 6,000 Accumulated depreciation on equipment and furniture
Queseyo's trial balance reflected the following account balances at December 31, 2020:
Accounts receivable (net) $19,000
Trading securities 6,000
Accumulated depreciation on equipment and furniture 15,000
Cash 16,000
Inventory 30,000
Equipment 25,000
Patent 4,000
Prepaid expenses 2,000
Land held for future business site 18,000
What is the current assets total in In Queseyo's December 31, 2020 balance sheet?
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
