Question: Completion Status QUESTION 10 Below is an adjusted closing trail balance for Omar Corp prepared by a staff accountant. Debit Credit Cash and cash equivalents

 Completion Status QUESTION 10 Below is an adjusted closing trail balance

Completion Status QUESTION 10 Below is an adjusted closing trail balance for Omar Corp prepared by a staff accountant. Debit Credit Cash and cash equivalents $1,600 Accounts receivable 4,300 Allowance for uncollectible accounts 500 Inventories 8,200 Prepaid expenses 2,400 Investments 2,000 Equipment 18,000 Accumulated depreciation - equipment 8,000 Franchise 12,000 Accounts payable $6,200 Note payable 8,000 Interest payable 400 Unearned revenue 2,400 Bonds payable 7,000 Ordinary share capital $10,000 1:57 PM Google Translate Question Completion Status Investments 2,000 Equipment 18,000 Accumulated depreciation - equipment 8,000 Franchise 12,000 Accounts payable $6,200 Note payable 8,000 Interest payable 400 Unearned revenue 2,400 Bonds payable 7,000 Ordinary share capital $10,000 Retained earnings 6,000 Additional information: 1. The investments represent treasury bills purchased in December that mature in January 2. Interest is payable annually. 3. The note payable is due in annual installments of $800 each year, 4. Uneamed revenue consists of 1.600 will be earned next year. Required: Prepare a complete, corrected, classified statement of financial position What is the Total current liabilities

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