Account No. 1 23 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Account Name Accounts payable Accounts receivable Buildings, net of accumulated depreciation Cash Inventory Land Long-term debt Prepaid Insurance Retained earnings, beginning Service revenue Selling expenses Salaries and wages expense Salaries and wages payable Amount $834 Common stock Cost of goods sold Current portion of long-term debt Depreciation expense Dividends paid during the year Equipment, net of accumulated depreciation 1,220 Income tax expense Income taxes payable. Interest expense Which account/s represent current assets? 810 3537 770 900 2,500 450 335 475 265 265 400 967 1,600 3,500 1200 1,600 9,600 310 700 222
Account No. 1 23 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Account Name Accounts payable Accounts receivable Buildings, net of accumulated depreciation Cash Inventory Land Long-term debt Prepaid Insurance Retained earnings, beginning Service revenue Selling expenses Salaries and wages expense Salaries and wages payable Amount $834 Common stock Cost of goods sold Current portion of long-term debt Depreciation expense Dividends paid during the year Equipment, net of accumulated depreciation 1,220 Income tax expense Income taxes payable. Interest expense Which account/s represent current assets? 810 3537 770 900 2,500 450 335 475 265 265 400 967 1,600 3,500 1200 1,600 9,600 310 700 222
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1
Transcribed Image Text:Account No.
1
2
3
45 89
6
7
10
11
12
13
14
15
16
17
18
19
20
21
22
Account Name
Accounts payable
Accounts receivable
Buildings, net of accumulated depreciation
Cash
Common stock
Income tax expense
Income taxes payable.
Interest expense
Inventory
Land
Long-term debt
Prepaid Insurance
Retained earnings, beginning
Service revenue
Selling expenses
Salaries and wages expense
Salaries and wages payable
Amount
Which account/s represent current assets?
$834
810
3537
Cost of goods sold
Current portion of long-term debt
Depreciation expense
Dividends paid during the year
Equipment, net of accumulated depreciation 1,220
770
900
2,500
450
335
475
265
265
400
967
1,600
3,500
1200
1,600
9,600
310
700
222
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