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The following accounts appeared on the trail balance of Crane Company at December 31, 2020. Notes Payable (short-term) $195,000 Accounts Receivable $560,000 Accumulated Depreciation -
The following accounts appeared on the trail balance of Crane Company at December 31, 2020.
| Notes Payable (short-term) | $195,000 | Accounts Receivable | $560,000 | |||
| Accumulated Depreciation - Bldg. | 700,000 | Prepaid Insurance | 53,000 | |||
| Supplies | 41,000 | Common Stock | 1,025,000 | |||
| Salaries and Wages Payable | 28,000 | Unappropriated Retained Earnings | 260,000 | |||
| Debt Investments (long-term) | 280,000 | Inventory | 1,580,250 | |||
| Cash | 130,000 | Land | 400,000 | |||
| Bonds Payable Due 1/1/2028 | 1,000,000 | Trading Securities | 72,000 | |||
| Allowance for Doubtful Accts. | 7,600 | Interest Payable | 5,700 | |||
| Copyrights | 185,000 | Buildings | 1,000,000 | |||
| Notes Receivable (due in 6 months) | 130,000 | Accounts Payable | 420,000 | |||
| Income Taxes Payable | 155,000 | Additional Paid-in Capital | 130,000 | |||
| Preferred Stock | 800,000 | |||||
| Appropriated Retained Earnings | 210,000 |
Compute each of the following:
| 1. | Total current assets | $ | ||
| 2. | Total property, plant, and equipment | $ | ||
| 3. | Total assets | $ | ||
| 4. | Total current liabilities | $ | ||
| 5. | Total stockholders equity | $ |
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