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The adjusted trial balance for XYZ Corporation contained the following asset accounts at December 31, 20X1: Accounts Receivable $120,000 Allowance for Uncollectible Accounts 5,000 Cash
The adjusted trial balance for XYZ Corporation contained the following asset accounts at December 31, 20X1:
Accounts Receivable | $120,000 |
Allowance for Uncollectible Accounts | 5,000 |
Cash | 11,000 |
Inventory | 48,000 |
Land | 52,400 |
Patents | 15,000 |
Prepaid Rent | 7,000 |
Plant and Equipment | 21,000 |
Complete the Following:
a) Total Current Assets: $ |
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b) Total Intangible Assets: |
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c) Total Property, Plant, and Equipment: |
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d) Compute the value for Total Assets: |
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