Question: Use the following data to determine the amounts required below: Item Amount (Sh) Cash 130,000 Accounts receivable 100,000 Inventory 110,000 Prepaid insurance 60,000 Stock investments

Use the following data to determine the amounts required below:

Item Amount (Sh)

Cash 130,000

Accounts receivable 100,000

Inventory 110,000

Prepaid insurance 60,000

Stock investments 170,000

Land 180,000

Patents 210,000

Buildings 810,000

Trademarks 140,000

Accounts payable 140,000

Salaries and wages payable 20,000

Mortgage payable 160,000

Beginning Common Stock (capital) 240,000

Retained Earnings 170,000

Required:

Determine the following amounts:

(a) Current assets

(b) Total assets (

(c) Current liabilities

(d) Total liabilities

(e) Ending capital

(f) Working capital

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