Cheyenne Real Estate Balance Sheet December 31, 2020 Cash $ 25200 Accounts Payable $ 61000 Prepaid Insurance 29600 Salaries and Wages 15000 Payable Accounts Receivable 50500 Mortgage Payable 86500 Inventory 70200 Total Liabilities 162500 Land Held for 84200 Investment Land 119500 Buildings $99800 Less Accumulated Owner's Capital 367400 Depreciation (19700) 80100 Trademark 70600 Total Liabilities and Total Assets $529900 Owner's Equity $529900 The total dollar amount of liabilities to be classified as current liabilities is

Cheyenne Real Estate Balance Sheet December 31, 2020 Cash $ 25200 Accounts Payable $ 61000 Prepaid Insurance 29600 Salaries and Wages 15000 Payable Accounts Receivable 50500 Mortgage Payable 86500 Inventory 70200 Total Liabilities 162500 Land Held for 84200 Investment Land 119500 Buildings $99800 Less Accumulated Owner's Capital 367400 Depreciation (19700) 80100 Trademark 70600 Total Liabilities and Total Assets $529900 Owner's Equity $529900 The total dollar amount of liabilities to be classified as current liabilities is

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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