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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. A1 Auto Supplies Balance Sheet
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. A1 Auto Supplies Balance Sheet Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated $420,000 depreciation (60,000) Trademarks Total assets $500,000 O $360,000 4 O $540,000 $230,000 $70,000 100,000 140,000 80,000 180,000 190,000 140,000 $1,070,000 December 31, 2025 Accounts payable Salaries and wages payable Bonds 180,000 payable Total liabilities Common stock Retained earnings 170,000 Total stockholders' equity Total liabilities and stockholders' equity $ 130,000 20,000 330,000 240,000 500,000 $1,070,000 740,000
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