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

Transcribed Image Text:

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. 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.