Question

Selected account balances for Jill’s Java at the end of the month are listed below in random order:
Accounts Payable ............ $19,500
Unearned Revenue ............ 2,000
Equipment ................ 33,000
Inventory ............... 37,000
Accounts Receivable ............ 6,000
Wages Payable ............ 1,500
Note Payable, Long-Term ......... 28,000
Accumulated Depreciation, Equipment .... 4,500
Common Shares ............ 25,000
Supplies .............. 3,400
Building ............... 87,000
Cash ................... 5,200
Accumulated Depreciation, Building ...... 24,000
Prepaid Rent ............... 6,200
Retained Earnings ............ 15,000
Identify or compute the following amounts for Jill’s Java:
a. Total current assets
b. Total current liabilities
c. Book value of plant assets
d. Total long-term liabilities


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  • CreatedJuly 08, 2015
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