Question: Use the following data to determine the total dollar amount of assets to be classified as current assets Koonce Office Supplies Balance Sheet December 31,
Use the following data to determine the total dollar amount of assets to be classified as current assets Koonce Office Supplies Balance Sheet December 31, 2017 aved Cash $ 195,000 Inventory 165,000 Prepaid insura 9 10 14 nce 90,000 , , Stock Investments 255,000 19 20 15 1920 Land 270.000 Buildings 255,000 Trademarks 210,000 Total Assets 1,590,000 Accounts Payable 210,000 Salaries payable 30,000 Mortgage payable 240,000 Total liabilities 480,000 Common stock 360,000 Retained earnings 750,000 24 25 , se MacBook Air
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