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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
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
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education