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Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: Account Title Dr. Cr. Cash $ 35,000
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company:
Account Title | Dr. | Cr. | ||||
Cash | $ | 35,000 | ||||
Accounts receivable | 20,000 | |||||
Prepaid insurance | 8,200 | |||||
Equipment | 140,000 | |||||
Accumulated depreciationEquipment | $ | 70,000 | ||||
Land | 99,000 | |||||
Accounts payable | 21,000 | |||||
Interest payable | 3,400 | |||||
Unearned revenue | 6,200 | |||||
Long-term notes payable | 42,000 | |||||
Retained earnings | 159,600 | |||||
Totals | $ | 302,200 | $ | 302,200 | ||
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