accounts payable 95300 merchandise inventory 390000 accounts receviable 78100 no

Question

accounts payable 95300 merchandise inventory 390000 accounts receviable 78100 noted payable, current protion 50000 accumulated depreciation 318000 notes payable, long-term 571300 buildings 750000 prepaid insurance 38000 cash 34500 retained earnings 279000 contributed cash 700000 supplies on hand 52000 cost of goods sold 840000 trademarks 45000 equipment 450000 wages expense 375000 interest payable 38000 wages payable 36000 land 250000 Determine each of the followingamounts. A. Current Assets B. Current Liabilites C. Property, plant, andequipment D. Total Assets E. Long-term liabilities F. Total liabilities G. Stockholders Equity H. Total liabilities andstockholders equity I. Working Capital accounts payable 95300 merchandise inventory 390000 accounts receviable 78100 noted payable, current protion 50000 accumulated depreciation 318000 notes payable, long-term 571300 buildings 750000 prepaid insurance 38000 cash 34500 retained earnings 279000 contributed cash 700000 supplies on hand 52000 cost of goods sold 840000 trademarks 45000 equipment 450000 wages expense 375000 interest payable 38000 wages payable 36000 land 250000 Determine each of the followingamounts. A. Current Assets B. Current Liabilites C. Property, plant, andequipment D. Total Assets E. Long-term liabilities F. Total liabilities G. Stockholders Equity H. Total liabilities andstockholders equity I. Working Capital

Explanation / Answer

A . Current Assets B. Current Liabilities Accounts Receivable 78,100.00 Accounts Payable 95,300.00 Cash 34,500.00 Interest Payable 38,000.00 Merchandise Inventory 390,000.00 Notes Payable, current Portion 50,000.00 Prepaid Insurance 38,000.00 Wages Payable 36,000.00 Supplies on hand 52,000.00 Total CurrentLiabilities 219,300.00 Total CurrentAssets 592,600.00 Long Term Liabilities 571,300.00 C. Property , Plant & Equipment G. Stock holders' Equity Buildings 750,000.00 Contributed Cash 700,000.00 Equipment 450,000.00 Retained Earnings 279,000.00 Land 250,000.00 Stock holders'Equity 979,000.00 Less : Accumulated Depreciation (318,000.00) Property ,Plant & Equipment 1,132,000.00 Trademarks 45,000.00 D. TotalAssets 1,769,600.00 Total Liabilities &Stockholders' Equity 1,769,600.00 Working Capital: Current Assets 2,946,600.00 Less : Current Liabilities 219,300.00 WorkingCapital 2,727,300.00

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