Homework Answers
Current assets
= Account receivable + Cash + Prepaid rent + Short term investment
= 22,000 + 8,400 + 7,000 + 15,000
= $52,400
Therefore current assets amount = $ 52,400
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Compute the dollar amount of current assets based on the following account balances. Accounts Receivable Accumulated...
On December 31, Bailey Company has the following list of account balances. Compute the dollar amount...
On December 31, Bailey Company has the following list of account
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balances.
Compute the dollar amount of the total Non-current (Long-term)
liabilities as it would appear on the December 31 balance
sheet.
On December 31, Bailey Company has the following list of account balances. O Accounts Payable $ 30,600 O Equipment $ 35,900 O Accounts Receivable 62,000 O Service Revenue 40,100 11,600 Legal Expense 2,700 Accumulated Depreciation, Equipment Accumulated Depreciation, Buildings 67,400 Note Payable, due in two years. 18,000 O...
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