The following accounts were included on Nigel’s adjusted trial balance at December 31, 2020: Accounts payable 11,200 Accounts receivable 8,000 Cash 29,000 Share capital-ordinary 50,000 Retained earnings 25,000 Dividends 9,000 Interest expense 3,500 Note payable, due 30/06/23 45,000 Supplies 2,800 Sales revenue 39,000 Building 15,000 (a) What are total current assets? (b) What are total non-current liabilities?
The following accounts were included on Nigel’s adjusted trial balance at December 31, 2020: Accounts payable 11,200 Accounts receivable 8,000 Cash 29,000 Share capital-ordinary 50,000 Retained earnings 25,000 Dividends 9,000 Interest expense 3,500 Note payable, due 30/06/23 45,000 Supplies 2,800 Sales revenue 39,000 Building 15,000 (a) What are total current assets? (b) What are total non-current liabilities?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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The following accounts were included on Nigel’s adjusted
Accounts payable 11,200
Cash 29,000
Share capital-ordinary 50,000
Dividends 9,000
Interest expense 3,500
Note payable, due 30/06/23 45,000
Supplies 2,800
Sales revenue 39,000
Building 15,000
(a) What are total current assets?
(b) What are total non-current liabilities?
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