Question: Use the following data to determine the total dollar amount of assets to be classified as current liabilities. Eddy Auto Supplies Balance Sheet December 31,
Use the following data to determine the total dollar amount of assets to be classified as current liabilities. Eddy Auto Supplies Balance Sheet December 31, 2017 Accounts payable s 126,000 s 165,000 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated 120,000Salaries and wages payable 210,000 90,000Mortgage payable 255,000 285,000 30,000 270,00 Total liabilities $465,000 S339,000 Common stock S360,000 279,000 750,000 (60.000) Retained earnings $1,110.000 210.000 Trademarks Total stockholders' equity Total liabilities and and stockholders' equity S1,575,000 Total assets S1,575.000 O $195,000 $165,000 O $270,000 s30,000
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