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The current and current les con of the balance sheet of Suriand Company persons SUNLAND COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 1.00 1. marca

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The current and current les con of the balance sheet of Suriand Company persons SUNLAND COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 1.00 1. marca deserts artered of December 2017 dedaments of counts perable the amount of 1.3 which cash count of t. 2. The inventory 28,44% of cheat has been reve December 31 Chopartase vienas been versteres Of 12.69 has been received noget ander was presentem, 3. Sales for the first four days in any 2010 out of 530,400 wateredeles jours of December 1, 2017 of the 1950s contenere les ding worded in 2011 December 31, 2017 3.3423:14 - where she becerande barn OP!!! New The current assets and current liabilities sections of the balance sheet of Sunland Company appear as follows. SUNLAND COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 1457 inventory The following errors in the corporation's accounting have been discovered: 1. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $41,300, on which a cash discount of 2% was taken. 2. The inventory included $28,440 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $12,670 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. 3. Sales for the first four days in January 2018 in the amount of $30,480 were entered in the sales journal as of December 31, 2017. Of these, $23,360 were sales on account and the remainder were cash sales. 4. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,324. Of this amount, $23,324 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. Calculate the following adjusted balances. Cash 40200 Accounts Receivable 90900 Inventory 142890 Accounts Payable 62590 Notes Payable 71980

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