The following account balances appear in the books if MADECOR2019. All amounts are in pesos.Cash on hand and in banks- 50,000- 350,000-1,500,000--30,000Prepaid rent - warehouse ad store outlet - 120,000--180,000-- 680,000--320,000- 80,000- 30,000-10,000---500,000-1,000,000-970,000- -5,000,000- 3,000,000--500,000- 250,000- 20,000Accounts receivable --Merchandise inventory -Office supplies and materials-Office equipment --Delivery vehicleAccounts payable -Short-term notes payable -Accrued expensesTaxes payableBank loanCommon stockRetained earnings-Sales --Cost of salesSelling expensesAdministrative expensesDepreciation -Using the above account balances, answer the questions below:How much is total current liabilities?How much is long term liabilities?How much is total stockholder's equity?

Formula: Total stock holders equity = Current liabilities + Long term liabilities + Owners equity

The following account balances appear in the books if MADECOR 2019. All amounts are in pesos. Cash on hand and in banks- Accounts receivable - Merchandise inventory - Office supplies and materials- Prepaid rent - warehouse ad store outlet - 120,000 Office equipment- Delivery vehicle - Accounts payable - Short-term notes payable - Accrued expenses Taxes payable Bank loan - Common stock - - 50,000 - 350,000 -1,500,000 -30,000 - -180,000 -680,000 --320,000 -80,000 -- 30,000 - 10,000 -500,000 -1,000,000 --970,000 Retained earnings

The following account balances appear in the books if MADECOR 2019. All amounts are in pesos. Cash on hand and in banks- Accounts receivable - Merchandise inventory - Office supplies and materials- Prepaid rent - warehouse ad store outlet - 120,000 Office equipment- Delivery vehicle - Accounts payable - Short-term notes payable - Accrued expenses Taxes payable Bank loan - Common stock - - 50,000 - 350,000 -1,500,000 -30,000 - -180,000 -680,000 --320,000 -80,000 -- 30,000 - 10,000 -500,000 -1,000,000 --970,000 Retained earnings

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...

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