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Business
Accounting
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

FINANCIAL ACCOUNTING
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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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
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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