Selected accounting data as at December 31, 2019 for Huma Delivery follows: Cash Accounts payable Accounts...

 

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Selected accounting data as at December 31, 2019 for Huma Delivery follows: Cash Accounts payable Accounts receivable Salary payable Supplies Unearned revenue Prepaid rent Mortgage payable (due 2023) Equipment J. Huma, Capital Accum. amort.- equipment Service revenue Salary expense Furniture $11,000 8,000 5,500 6,300 1,200 2,200 4,600 5,500 22,000 19,900 12.000 6,100 29,000 8,000 Furniture Accum. amort.-furniture Amortization expense Utilities expense Rent expense 12,000 4,000 6,800 4,300 5,600 Referring to the table above, current assets and total assets are: Selected accounting data as at December 31, 2019 for Huma Delivery follows: Cash Accounts payable Accounts receivable Salary payable Supplies Unearned revenue Prepaid rent Mortgage payable (due 2023) Equipment J. Huma, Capital Accum. amort.- equipment Service revenue Salary expense Furniture $11,000 8,000 5,500 6,300 1,200 2,200 4,600 5,500 22,000 19,900 12.000 6,100 29,000 8,000 Furniture Accum. amort.-furniture Amortization expense Utilities expense Rent expense 12,000 4,000 6,800 4,300 5,600 Referring to the table above, current assets and total assets are:

Answer rating: 100% (QA)

Assets Liabilities Current Assets Current liability Cash 11000 Ac... View the full answer