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The following accounts were included on Retail Consultants adjusted trial balance at December 31, 2020: Accounts payable $9,800 Accounts receivable 13,000 Cash 5,500 Owner's Capital
The following accounts were included on Retail Consultants adjusted trial balance at December 31, 2020:
Accounts payable $9,800
Accounts receivable 13,000
Cash 5,500
Owner's Capital 40,000
Owner's Drawings 10,000
Interest expense 3,000
Note payable, due 8/31/23 65,000
Supplies 1,500
Service revenue 37,000
Equipment 5,000
What are total current assets?
What are total current liabilities?
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