3 Enterprise Company had the following account totals as of December 31, 20X2: Cost of goods sold Accounts receivable Rent revenue Accounts payable Sales Inventory Bank loan payable" Cash Retained earnings (beginning of year, January 1, 20X2) Prepaid insurance (6-month insurance policy) Paid-in capital Equipment Unearned rent revenue (9-month contract) $150,000 100,000 ☐ $206,000 $168,000 $193,000 $183,000 10,000 25,000 200,000 50,000 20,000 18,000 80,000 15,000 38,000 45,000 5,000 "Of the $20,000 bank loan payable, $15,000 will be repaid in 20X3. What are Enterprise Company's TOTAL CURRENT ASSETS?

3 Enterprise Company had the following account totals as of December 31, 20X2: Cost of goods sold Accounts receivable Rent revenue Accounts payable Sales Inventory Bank loan payable" Cash Retained earnings (beginning of year, January 1, 20X2) Prepaid insurance (6-month insurance policy) Paid-in capital Equipment Unearned rent revenue (9-month contract) $150,000 100,000 ☐ $206,000 $168,000 $193,000 $183,000 10,000 25,000 200,000 50,000 20,000 18,000 80,000 15,000 38,000 45,000 5,000 "Of the $20,000 bank loan payable, $15,000 will be repaid in 20X3. What are Enterprise Company's TOTAL CURRENT ASSETS?

Name: 3Enterprise Company had the following account totals as of December 3
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Description: 3Enterprise Company had the following account totals as of December 31, 20X2:Cost of goods soldAccounts receivableRent revenueAccounts payableSalesInventoryBank loan payable"CashRetained earnings (beginning of year, January 1, 20X2)Prepaid insurance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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