Ceramic Products, Inc. reports these account balances on January 1, 2015 (in alphabetical order): Accounts payable 23,000
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Question:
Ceramic Products, Inc. reports these account balances on January 1, 2015 (in alphabetical order): |
Accounts payable | 23,000 $ |
Accounts receivable | 15,000 $ |
Buildings | 148,000 $ |
Capital Stock | 180,000 $ |
in advance | $8,000 |
Equipment | 15,000 $ |
Kara | 75,000 $ |
Notes payable | 19,000 $ |
Retained earnings | 44,000 $ |
On January 5, Ceramic Products collected $7,000 of its receivables and paid $6,000 in promissory notes. |
Calculate Total liabilities as of 6 January 2015 |
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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