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The following accounts appeared on the trail balance of Pharoah Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $520,000 Accumulated Depreciation -
The following accounts appeared on the trail balance of Pharoah Company at December 31, 2020.
Notes Payable (short-term) | $185,000 | Accounts Receivable | $520,000 | |||
Accumulated Depreciation - Bldg. | 780,000 | Prepaid Insurance | 55,000 | |||
Supplies | 39,000 | Common Stock | 1,125,000 | |||
Salaries and Wages Payable | 29,000 | Unappropriated Retained Earnings | 280,000 | |||
Debt Investments (long-term) | 250,000 | Inventory | 1,580,250 | |||
Cash | 160,000 | Land | 400,000 | |||
Bonds Payable Due 1/1/2028 | 1,300,000 | Trading Securities | 80,000 | |||
Allowance for Doubtful Accts. | 7,300 | Interest Payable | 6,000 | |||
Copyrights | 195,000 | Buildings | 1,000,000 | |||
Notes Receivable (due in 6 months) | 140,000 | Accounts Payable | 400,000 | |||
Income Taxes Payable | 165,000 | Additional Paid-in Capital | 120,000 | |||
Preferred Stock | 690,000 | |||||
Appropriated Retained Earnings | 230,000 |
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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