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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 Stodk investmmts Land Buildings Less Accumulated depreciation Trademarks Total assets $ 126,000 120,000 210,000 90,000 255,000 285,000 $ 165,000 30,000 270.000 $465,000 Accounts pavable Salaries and wages payable Mortgage payable Total liabilities Common stock Retained eamins Total stodholders' equity Total liabilities and todholders' equiny $360,000 750.000 $1.110000 $339,000 279,000 210.000 $1.050.000 (60.000) $1.575.000
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