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Question 12 These items are taken from the financial statements of Donovan Company. at December 31, 2017. Buildings Accounts receivable $95,800 15,600 Prepaid insurance
Question 12 These items are taken from the financial statements of Donovan Company. at December 31, 2017. Buildings Accounts receivable $95,800 15,600 Prepaid insurance 4,680 Cash 18,840 Equipment 79,400 Land 61,200 Insurance expense 780 Depreciation expense 7,300 Interest expense 2,600 Common stock 57,000 Retained earnings (January 1, 2017) 40,000 Accumulated depreciation-buildings 45,600 Accounts payable 15,500 Mortgage payable 88,600 Accumulated depreciation-equipment 18,720 Interest payable Service revenue 3,600 17,180 Assume that $13,600 of the mortgage payable will be paid in 2018. Instructions: (a) Provide the Total Current Assets. (b) Provide the Total Stockholders' Equity SHOW ALL CALCULATIONS.
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