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The following is the adjustment Trial balance of a business at the end of its fiscal year: ACCOUNTS DR Cash A/R CR $200,000 30,000
The following is the adjustment Trial balance of a business at the end of its fiscal year: ACCOUNTS DR Cash A/R CR $200,000 30,000 Inventory 10,000 Equipment 30,000 CGS 12,000 Wages-Exp 18,000 Sales 4,000 Returns Dividends 20,000 Furniture 20,000 A/P 10,000 Beginning 30,000 RE Unearned 10,000 Rev Capital 60,000 Sales Rev 170,000 Long term 50,000 N/P Total ACC- 14,000 DEP Total $344,000344000 a. How much is total Current Assets? Oc. a.270,000 b.240,000 230,000 d.210,000 b. How much is total Assets? 0 Oc. a.276,000 b.290,000 266,000 d.216,000 c. How much is total Current Liabilities? Oa.20,000 Ob.70,000 Oc. 60,000 Od.10,000 d. How much is total Liabilities? Oa.30,000 Ob.40,000 Oc. 60,000 Od.70,000 e. How much is net Income if there is no tax? Oc. a.132,000 b.136,000 140,000 d.10,000
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