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The following information is for Bramble Auto Supplies: Bramble Auto Supplies Balance Sheet December 31, 2020 Cash $ 41000 Accounts Payable $ 128000 Prepaid Insurance
The following information is for Bramble Auto Supplies:
Bramble Auto Supplies Balance Sheet December 31, 2020 | |||||||
Cash | $ 41000 | Accounts Payable | $ 128000 | ||||
Prepaid Insurance | 79000 | Salaries and Wages Payable | 53000 | ||||
Accounts Receivable | 102000 | Mortgage Payable | 155000 | ||||
Inventory | 140000 | Total Liabilities | 336000 | ||||
Land Held for Investment | 183000 | ||||||
Land | 250000 | ||||||
Buildings | $202000 | ||||||
Less Accumulated | Owner's Capital | 742000 | |||||
Depreciation | (60000) | 142000 | |||||
Trademark | 141000 | Total Liabilities and | |||||
Total Assets | $1078000 | Owners Equity | $1078000 |
The total dollar amount of liabilities to be classified as current liabilities is
$128000.
$181000.
$53000.
$336000.
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