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The following accounts appeared on the trial balance of gilbert company at December 31, 2025 Notes Payable (Due 6/1/2026) 185,000 Accumulated Depreciation - Building 780,000
The following accounts appeared on the trial balance of gilbert company at December 31, 2025
Notes Payable (Due 6/1/2026) | 185,000 | |
Accumulated Depreciation - Building | 780,000 | |
Supplies | 34,800 | |
Salaries and wages payable | 24,200 | |
Stock owned in affiliated company | 235,000 | |
Cash | 165,750 | |
Bonds Payable (Due 1/1/2023) | 1,400,000 | |
Allowance for doubtful accounts | 8,500 | |
Patents | 192,900 | |
Notes Receviable (Due in 6 months) | 125,000 | |
Income Taxes Payable | 137,000 | |
Preferred Stock | 650,000 | |
Appropriated Retained Earnings | 285,000 | |
Accounts Receivable | 328,400 | |
Unexpired insurance | 45,600 | |
Equipment, retired from use, held for sale | 22,000 | |
Common Stock | 1,225,000 | |
Unappropriated Retained Earnings | 322,000 | |
Inventory | 1,650,250 | |
Land | 465,000 | |
Unearned rent revenue | 18,000 | |
Interest payable | 5,700 | |
Buildings | 1,956,000 | |
Accounts payable | 348,950 | |
Additional paid in capital | 165,800 |
Instructions:
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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