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Set forth below is the adjusted trial balance for Smith Company as of December 31st 2019, the company's fiscal year end. The note payable matures
Set forth below is the adjusted trial balance for Smith Company as of December 31st 2019, the company's fiscal year end. The note payable matures in $40,000 annual installments over the next four years. The next installment is payable June 30th, 2020. Cr . Dr. 97,000 289,000 51,000 9,000 4,000 190.000 Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation Accounts Payable Salaries & Wages Payable Interest Payable Unearned Consulting Revenue Notes Payable Capital Withdrawals Fees Earned Salaries & Wages Expense Office Supplies Expense Rent Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense 81,000 39,000 51,000 3,000 48,000 160,000 240,000 90,000 820,000 598,000 58,000 24,000 17,000 9,000 3,000 3,000 1,442,000 1,442,000 Office Supplies Expense Rent Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense 58,000 24,000 17,000 9,000 3,000 3,000 1,442,000 1,442,000 Calculate the following numbers and enter you answers in the boxes below: Current Assets: Total Assets: Current Liabilities: Total Liabilities: Equity
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