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Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31,
Use the following data to determine the total dollar amount of assets to be classified as current assets. Eddy Auto Supplies Balance Sheet December 31, 2017 Cash Accounts receivable Inventory Prepaid insurance Stock investments s 126,000 120,000 210.000 Accounts payable Salaries and wages payable S 165,000 30,000 90,000Mortgage payable 255,000 285,000 270,000 $465,000 Total liabilities $360,000 750,000 Common stock Retained earnings Total stockholders' equity Buildings Less: Accumulated Depreciation Trademarks Total assets S339,000 279,000 (60,000) $1.110,000 S1,575.000 210.000 S1.575.000 Total liabilities and and stockholders' equity $801,000 $336,000 () $546,000 $1,011,000
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