Super Cuts Salon Balance Sheet December 31, 2025 Cash Accounts receivable Inventory. Supplies $31,500 Accounts payable...

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Super Cuts Salon Balance Sheet December 31, 2025 Cash Accounts receivable Inventory. Supplies $31,500 Accounts payable $ 3,400 23,600 Salaries and wages payable 2,200 11,600 Note payable (due 2028) 169,000 1,400 Total liabilities 174,600 Prepaid insurance 2,300 Land 25,800 Buildings $246,000 Common stock 45,000 Less: Accumulated depreciation (104,000) 142,000 Retained earnings 20,700 Trademark 2,100 Total stockholders' equity 65,700 Total assets $240,300 Total liabilities and stockholders' equity $240,300 Compute the company's (a) total current assets and (b) total property, plant and equipment. (a) Total current assets SA $ (b) Total property, plant and equipment $ Super Cuts Salon Balance Sheet December 31, 2025 Cash Accounts receivable Inventory. Supplies $31,500 Accounts payable $ 3,400 23,600 Salaries and wages payable 2,200 11,600 Note payable (due 2028) 169,000 1,400 Total liabilities 174,600 Prepaid insurance 2,300 Land 25,800 Buildings $246,000 Common stock 45,000 Less: Accumulated depreciation (104,000) 142,000 Retained earnings 20,700 Trademark 2,100 Total stockholders' equity 65,700 Total assets $240,300 Total liabilities and stockholders' equity $240,300 Compute the company's (a) total current assets and (b) total property, plant and equipment. (a) Total current assets SA $ (b) Total property, plant and equipment $

Answer rating: 100% (QA)

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