· Cash on hand – 200,000 · Cash in bank – 108,000 · Notes receivable – 250,000 · Trade receivable – 600,000 · Inventory – 650,000 · Prepaid expenses – 45,000
· Cash on hand – 200,000 · Cash in bank – 108,000 · Notes receivable – 250,000 · Trade receivable – 600,000 · Inventory – 650,000 · Prepaid expenses – 45,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The
· Cash on hand – 200,000
· Cash in bank – 108,000
· Notes receivable – 250,000
· Trade receivable – 600,000
· Inventory – 650,000
· Prepaid expenses – 45,000
· Trade payables – 325,000
· Notes payable (due annually at 500,000 payable every March 31) – 1,000,000
· Accrued expenses – 40,000
How much total current assets should BT21 Co. present in its
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