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The following information was taken from the accounting records of Eb8-L4z Company for the year ended De cember 31, 2027: Patent $59,000 Cost of
The following information was taken from the accounting records of Eb8-L4z Company for the year ended De cember 31, 2027: Patent $59,000 Cost of goods sold $46,000 Inventory $55,000 Retained earnings $42,000 ( at January 1, 2027) Service revenue $37,000 Notes payable ? Land $88,000 Accounts receivable $73,000 Rental revenue..... ? Utilities payable Salaries expense...... Accounts payable Equipment $21,000 $51,000 $62,000 $60,000 ... Sales revenue.... $91,000 Utilities expense $31,000 Supplies $18,000 Income tax expense $25,000 Dividends $13,000 Common stock $82,000 Cash ... $33,000 Eb8-L4z Company had total equity at Dece mber 31, 2027 of $192,000. Calculate the amount of total current as sets reported in Eb8-L4z Company's balance sheet at Decem ber 31, 2027.
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