Hawk Corp's trial balance reflected the following account balances at December 31, 20X1: Accounts receivable (net) Trading securities (short-term) Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent 37,233 Prepaid expenses Land held for future business site 10,382 23,834 31,199 7,103 2,436 33,348 Enter your answer in rounded dollars (no decimal places) with no $ or commas Hawk Corp!'s December 31, 20X1 balance sheet, the current assets total is: 3,649 48,473

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 13PB: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...
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Hawk Corp's trial balance reflected the following account balances at December 31, 20X1:
Accounts receivable (net)
Trading securities (short-term)
Accumulated depreciation on equipment and furniture
Cash
Inventory
Equipment
Patent
37,233
10,382
23,834
31,199
3,649
48,473
7,103
Prepaid expenses
Land held for future business site
33,348
Enter your answer in rounded dollars (no decimal places) with no $ or commas
Hawk Corp.'s December 31, 20X1 balance sheet, the current assets total is:
2,436
Transcribed Image Text:Hawk Corp's trial balance reflected the following account balances at December 31, 20X1: Accounts receivable (net) Trading securities (short-term) Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent 37,233 10,382 23,834 31,199 3,649 48,473 7,103 Prepaid expenses Land held for future business site 33,348 Enter your answer in rounded dollars (no decimal places) with no $ or commas Hawk Corp.'s December 31, 20X1 balance sheet, the current assets total is: 2,436
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