Question
The following list of accounts is from the adjusted trial balance for Ayayai Corporation: Accounts payable $158,120 Equipment $1,115,100 Accounts receivable 220,660 Income tax expense
The following list of accounts is from the adjusted trial balance for Ayayai Corporation:
Accounts payable | $158,120 | Equipment | $1,115,100 | |||
---|---|---|---|---|---|---|
Accounts receivable | 220,660 | Income tax expense | 71,980 | |||
Accumulated depreciationbuildings | 115,640 | Insurance expense | 138,060 | |||
Accumulated depreciationequipment | 267,860 | Inventory | 273,760 | |||
Advertising expenses | 132,160 | Land | 1,298,000 | |||
Buildings | 505,040 | Loan payable (due in 2 years) | 2,301,000 | |||
Cash | 83,780 | Prepaid expenses | 34,220 | |||
Common shares | 271,400 | Property tax payable | 21,240 | |||
Cost of goods sold | 1,314,520 | Refund liability | 24,780 | |||
Deferred revenue | 37,760 | Salaries expense | 915,680 | |||
Depreciation expense | 221,840 | Salaries payable | 30,680 | |||
Sales | 3,096,320 |
Determine the amount of Ayayais current assets and current liabilities.
1. Total current assets | ||
---|---|---|
2.Total current liabilities |
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