Question
The following accounts appeared on the trial balance of Oriole company at December 31,2020. Note payable ( short-term) $185,000 Accumulated Depreciation- Bldg. 740,000 supplies 35,000
The following accounts appeared on the trial balance of Oriole company at December 31,2020. Note payable ( short-term) $185,000 Accumulated Depreciation- Bldg. 740,000 supplies 35,000 salaries and wages payable 29,000 Debt investment (long term) 280,000 cash 130,000 Bonds payable Due 1/1/2028, 1,140,000 Allowance for Doubtful Accounts 7,700 Copyrights 185,000 Notes Receivable(due in 6 months) 140,000 Income taxes payable 155,000 preferred stock 750,000 Appropriate Retained earnings 290,000 Accounts receivables $560,000 prepaid insurance 60,000 common stock 1,025,000 unappropriated Retained earnings 310,000 Inventory 1,478,200 land 410,000 trading securities 79,000 interest payable 5,500 Buildings 1,900,000 Accounts payable 450,000 Additional paid-in capital 170,000. 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started