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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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