The following accounts appeared on the trail balance of Oriole Company at December 31, 2020.Notes Payable (short-term) $185,000 Accounts Receivable $560,000Accumulated Depreciation - Bldg. 740,000 Prepaid Insurance 60,000Supplies 35,000 Common Stock 1,025,000Salaries and Wages Payable 29,000 Unappropriated Retained Earnings 310,000Debt Investments (long-term) 280,000 Inventory 1,480,250Cash 130,000 Land 410,000Bonds Payable Due 1/1/2028 1,100,000 Trading Securities 79,000Allowance for Doubtful Accts. 7,700 Interest Payable 5,500Copyrights 185,000 Buildings 1,200,000Notes Receivable (due in 6 months) 140,000 Accounts Payable 450,000Income Taxes Payable 155,000 Additional Paid-in Capital 170,000Preferred Stock 750,000 Appropriated Retained Earnings 290,000 Compute each of the following:1. Total current assets $ 2. Total property, plant, and equipment $ 3. Total assets $ 4. Total current liabilities $ 5. Total stockholders’ equity $

Name: The following accounts appeared on the trail balance of Oriole Company
Uploaded: 2024-03-04T10:43:15.000Z
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Description: The following accounts appeared on the trail balance of Oriole Company at December 31, 2020.Notes Payable (short-term) $185,000 Accounts Receivable $560,000Accumulated Depreciation - Bldg. 740,000 Prepaid Insurance 60,000Supplies 35,000 Common Stock

Balance sheet: A financial statement that reflects the financial stability and the financial…

Answered: Compute each of the following: 1.…

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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The following accounts appeared on the trail balance of Oriole Company at December 31, 2020.

Notes Payable (short-term)	$185,000	Accounts Receivable	$560,000
Accumulated Depreciation - Bldg.	740,000	Prepaid Insurance	60,000
Supplies	35,000	Common Stock	1,025,000
Salaries and Wages Payable	29,000	Unappropriated Retained Earnings	310,000
Debt Investments (long-term)	280,000	Inventory	1,480,250
Cash	130,000	Land	410,000
Bonds Payable Due 1/1/2028	1,100,000	Trading Securities	79,000
Allowance for Doubtful Accts.	7,700	Interest Payable	5,500
Copyrights	185,000	Buildings	1,200,000
Notes Receivable (due in 6 months)	140,000	Accounts Payable	450,000
Income Taxes Payable	155,000	Additional Paid-in Capital	170,000
Preferred Stock	750,000
Appropriated Retained Earnings	290,000

Compute each of the following:

1.	Total current assets	$
2.	Total property, plant, and equipment	$
3.	Total assets	$
4.	Total current liabilities	$
5.	Total stockholders’ equity	$

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