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The following accounts appeared on the trail balance of Wildhorse Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $510,000 Accumulated Depreciation -
The following accounts appeared on the trail balance of Wildhorse Company at December 31, 2020.
Notes Payable (short-term) | $185,000 | Accounts Receivable | $510,000 | |||
Accumulated Depreciation - Bldg. | 710,000 | Prepaid Insurance | 52,000 | |||
Supplies | 36,000 | Common Stock | 1,225,000 | |||
Salaries and Wages Payable | 27,000 | Unappropriated Retained Earnings | 250,000 | |||
Debt Investments (long-term) | 200,000 | Inventory | 1,680,250 | |||
Cash | 190,000 | Land | 500,000 | |||
Bonds Payable Due 1/1/2028 | 1,000,000 | Trading Securities | 71,000 | |||
Allowance for Doubtful Accts. | 7,100 | Interest Payable | 5,100 | |||
Copyrights | 185,000 | Buildings | 1,600,000 | |||
Notes Receivable (due in 6 months) | 130,000 | Accounts Payable | 420,000 | |||
Income Taxes Payable | 165,000 | Additional Paid-in Capital | 190,000 | |||
Preferred Stock | 700,000 | |||||
Appropriated Retained Earnings | 300,000 |
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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