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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 $ 71,000
Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company:
Account Title | Dr. | Cr. | ||||
Cash | $ | 71,000 | ||||
Accounts receivable | 32,000 | |||||
Prepaid insurance | 13,000 | |||||
Equipment | 260,000 | |||||
Accumulated depreciationEquipment | $ | 130,000 | ||||
Land | 111,000 | |||||
Accounts payable | 33,000 | |||||
Interest payable | 6,400 | |||||
Unearned revenue | 9,800 | |||||
Long-term notes payable | 78,000 | |||||
Retained earnings | 229,800 | |||||
Totals | $ | 487,000 | $ | 487,000 |
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