3.) Pamela Company provided the following adjusted account balances on December 31, 2013: Wages payable 250,000 Cash 200,000 Mortgage payable 1,500,000
3.) Pamela Company provided the following adjusted account balances on December 31, 2013: Wages payable 250,000 Cash 200,000 Mortgage payable 1,500,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the current assets and liabilities?
![3.) Pamela Company provided the following adjusted account balances
on December 31, 2013:
Wages payable
250,000
Cash
200,000
Mortgage payable
1,500,000
Dividends payable
150,000
Prepaid rent
100,000
Inventory
800,000
Sinking fund
500,000
Short-term investments
300,000
Investment in associate
2,000,000
Taxes payable
220,000
Accounts payable
240,000
Accounts receivable
350,000
What total amount should be reported as curent assets on December 31, 2013?
a. 2,250,000
b. 1,750,000
c. 3,750,000
d. 4,250,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf49c042-7989-475c-b185-e3041c2996e0%2F70646093-448e-432a-b0df-677a833bb02c%2Fntsdk7n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3.) Pamela Company provided the following adjusted account balances
on December 31, 2013:
Wages payable
250,000
Cash
200,000
Mortgage payable
1,500,000
Dividends payable
150,000
Prepaid rent
100,000
Inventory
800,000
Sinking fund
500,000
Short-term investments
300,000
Investment in associate
2,000,000
Taxes payable
220,000
Accounts payable
240,000
Accounts receivable
350,000
What total amount should be reported as curent assets on December 31, 2013?
a. 2,250,000
b. 1,750,000
c. 3,750,000
d. 4,250,000
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