Question
The following information is for Neuro Supplies: Neuro Supplies Balance Sheet December 31, 2022 Cash $ 40,000 Accounts Payable $ 130,000 Accounts Receivable 100,000 Salaries
The following information is for Neuro Supplies:
Neuro Supplies Balance Sheet December 31, 2022
Cash $ 40,000 Accounts Payable $ 130,000
Accounts Receivable 100,000 Salaries and Wages Payable 50,000
Prepaid Insurance 80,000 Mortgage Payable 150,000
Inventory 140,000 Total Liabilities 330,000
Land Held for Investment 180,000
Land 250,000
Buildings $200,000 Common Stock $400,000
Less Accum Deprec (60,000) 140,000 Retained Earnings 340,000 740,000
Trademark 140,000 Total Liabilities and
Total Assets $1,070,000 Stockholders Equity $1,070,000
The total dollar amount of assets to be classified as current assets is
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