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Use the following data to determine the total dollar amount of assets to be classified as investments. Balance Sheet December 31, 2017 Cash Accounts receivable
Use the following data to determine the total dollar amount of assets to be classified as investments. Balance Sheet December 31, 2017 Cash Accounts receivable Inventory Prepaid insurance Stock investments Accounts payable s 126,000 s 165,000 120,000Salaries and wages payable 30,000 210,000 Mortgage payable 270,000 $465,000 90,000 255,000 285,000 Total liabilities Common stock Buildings Less: Accumulated Depreciation Trademarks Total assets S339.000 $360,000 279,000 Retained earnings (60.000) $1.110.000 210,000Total stockholders' equity S1,575,000 Total liabilities and and stockholders' equity S1.575,000 $0 $465,000 S255.000 O $585,000
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