Question: need help Current Attempt in Progress Ivanhoe Company's trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Trading securities Accumulated

Current Attempt in Progress Ivanhoe Company's trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Trading securities Accumulated depreciation on equipment and furniture $40000 14000 29500 Cash 30000 61000 Inventory Equipment 55000 7900 Patent 4100 Prepaid expenses 35500 Land held for future business site In Ivanhoe's December 31, 2020 balance sheet, the current assets totalis Equipment 55000 Patent 7900 Prepaid expenses 4100 Land held for future business site 35500 In Ivanhoe's December 31, 2020 balance sheet, the current assets total is O $149100. $241500. O $210000. $223400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
