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The following accounts appeared on the trail balance of Cullumber Company at December 31, 2020. Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and
The following accounts appeared on the trail balance of Cullumber Company at December 31, 2020. Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings $185,000 840,000 40,000 32,000 250,000 120,000 1,200,000 7,600 185,000 130,000 165,000 740,000 220,000 Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Trading Securities Interest Payable Buildings Accounts Payable Additional Paid-in Capital $580,000 53,000 1,125,000 270,000 1,580,250 460,000 77,000 5,200 1,400,000 420,000 130,000 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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