The following accounts were included on Aero-plane Consultants adjusted trial balance at December 31, 2018: Accounts payable
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Question:
The following accounts were included on Aero-plane Consultants adjusted trial balance at December 31, 2018:
Accounts payable $ 7,200
Accounts receivable 12,000
Cash 3,500
Common Stock 40,000
Dividends 10,000
Interest expense 3,000
Note payable, due 8/31/20 60,000
Supplies 1,000
Service revenue 39,000
Equipment 5,000
(a) What are total current assets?
(b) What are total current liabilities?
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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