Question: accounts payable 62000 wages payable 21000 interest payable 24000 notes payable 34000 mortgage payable 84000 common stock 69000 retained earnings 57000 land 114000 long term

1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and

ces The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they

Accounts Payable Wages Payable Interest Payable Notes Payable (due in 9 years) gage Payable (due in 20 years)

accounts payable 62000

wages payable 21000

interest payable 24000

notes payable 34000

mortgage payable 84000

common stock 69000

retained earnings 57000

land 114000

long term investment in stocks 36000

notes receivable (due in 3 yrs) 26000

accounts receivable 24000

cash 26000

prepaid expenses 10800

supplies 10200

intangible assets 15000

trucks 15k accumulated depreciation 12000

inventory 55000

1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for plant assets on the balance sheet.

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