Question
The following account balances are available for the Bentley Company as of December 31, 2010: Cash $30,000 Accounts payable $5,600 Inventory 67,000 Notes payable 18,000
The following account balances are available for the Bentley Company as of December 31, 2010:
Cash
$30,000
Accounts payable
$5,600
Inventory
67,000
Notes payable
18,000
Owner's capital
50,000
Land
100,000
Prepaid insurance
2,000
Equipment
12,000
Supplies
1,000
Accounts receivable
3,000
What are total current assets?
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
