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The following is the adjustment Trial balance of a business at the end of its fiscal year: ACCOUNTS DR CR Cash $200,000 A/R 30,000 CGS
The following is the adjustment Trial balance of a business at the end of its fiscal year: ACCOUNTS DR CR Cash $200,000 A/R 30,000 CGS 13,000 Equipment 30,000 Inventory 20,000 Operating Exp 10,000 Sales Returns 1,000 Dividends 20,000 Furniture 20,000 A/P 10,000 Beginning RE 44,000 Unearned Rev 15,000 Capital 59,000 Sales Rev 156,000 Long term N/P 50,000 Total ACC-DEP 10,000 Total $344,000344,000 a. How much is total Current Assets? Oa.270,000 Ob.240,000 Oc 230,000 b. How much is total Assets? Oa 276,000 Ob.290,000 OC 266,000 c. How much is total Current Liabilities? Da 20,000 Ob.70,000 OC 60,000 search BOB Sales Rev 156,000 Long term N/P 50,000 Total ACC-DEP 10,000 Total $344,000344,000 a. How much is total Current Assets? a.270,000 Ob.240,000 OC 230,000 Od 250,000 . How much is total Assets? a.276,000 Ob.290,000 OC 266,000 Od 300,000 . How much is total Current Liabilities? Da.20,000 Ob.70,000 Oc 60,000 Od 25,000 1. How much is total Liabilities? Da.75,000 Ob.45,000 Oc. 60,000 Od.70,000 How much is Income before tax? a.132,000 Ob.136,000 Oc 140,000 Od.10,00
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