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The following accounts appeared on the trail balance of Ivanhoe Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $530,000 Accumulated Depreciation -
The following accounts appeared on the trail balance of Ivanhoe Company at December 31, 2020.
Notes Payable (short-term) | $185,000 | Accounts Receivable | $530,000 | |||
Accumulated Depreciation - Bldg. | 770,000 | Prepaid Insurance | 50,000 | |||
Supplies | 37,000 | Common Stock | 1,125,000 | |||
Salaries and Wages Payable | 27,000 | Unappropriated Retained Earnings | 330,000 | |||
Debt Investments (long-term) | 220,000 | Inventory | 1,580,250 | |||
Cash | 140,000 | Land | 500,000 | |||
Bonds Payable Due 1/1/2028 | 1,200,000 | Trading Securities | 79,000 | |||
Allowance for Doubtful Accts. | 7,000 | Interest Payable | 5,500 | |||
Copyrights | 185,000 | Buildings | 1,800,000 | |||
Notes Receivable (due in 6 months) | 140,000 | Accounts Payable | 470,000 | |||
Income Taxes Payable | 165,000 | Additional Paid-in Capital | 120,000 | |||
Preferred Stock | 720,000 | |||||
Appropriated Retained Earnings | 250,000 |
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 | $ enter $ amounts |
Crane Company's trial balance reflected the following account balances at December 31, 2020:
Accounts receivable (net) | $40000 | ||
Trading securities | 12500 | ||
Accumulated depreciation on equipment and furniture | 32000 | ||
Cash | 30500 | ||
Inventory | 61500 | ||
Equipment | 45000 | ||
Patent | 8800 | ||
Prepaid expenses | 4900 | ||
Land held for future business site | 38000 |
In Cranes December 31, 2020 balance sheet, the current assets total is
$235200.
$217800.
$214500.
$149400.
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