Question: con Completion Status: Below is an adjusted closing trail balance for Omar Corp prepared by a staff accountant. Debit Credit 4,300 Cash and cash equivalents
con Completion Status: Below is an adjusted closing trail balance for Omar Corp prepared by a staff accountant. Debit Credit 4,300 Cash and cash equivalents $1,600 Accounts receivable 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 Retained earnings 6,000 1:57 PM Question Completion Status 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 anmually. 3. The note payable is due in annual installments of $800 each year. 4. Unearned revenue consists of 1.600 will be earned next year. Required: Prepare a complete, corrected, classified statement of financial position What is the wount of total assets? 1:57 PM
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