Question: Churl Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $65,000 Accounts receivable $42,000 Capital stock Cash $100,000 $50,000 Dividends $10,000 Goodwill $47,000 Interest expense $4,000 Interest payable $2,000 Inventory $26,000 Notes payable $80,000 Prepaid expenses $5,000 Property, plant & equipment $123,000 Retained earnings $46,000 Rent expense $18,000 Revenues $101,000 Salary expense $60,000 How much are total assets?
Question: Churl Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $65,000 Accounts receivable $42,000 Capital stock Cash $100,000 $50,000 Dividends $10,000 Goodwill $47,000 Interest expense $4,000 Interest payable $2,000 Inventory $26,000 Notes payable $80,000 Prepaid expenses $5,000 Property, plant & equipment $123,000 Retained earnings $46,000 Rent expense $18,000 Revenues $101,000 Salary expense $60,000 How much are total assets?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Assets
![Question:
Churl Corporation's adjusted trial balance included the following items (all account balances are normal):
Accounts payable
$65,000
Accounts receivable
$42,000
Capital stock
Cash
$100,000
$50,000
Dividends
$10,000
Goodwill
$47,000
Interest
expense
$4,000
Interest payable
$2,000
Inventory
$26,000
Notes payable
$80,000
Prepaid expenses
$5,000
Property, plant & equipment $123,000
Retained earnings
$46,000
Rent expense
$18,000
Revenues
$101,000
Salary expense
$60,000
How much are total assets?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd9fd1a11-2e85-4bf9-b3b7-fa46222c524b%2Fba68d112-27a9-4729-b6dc-c6d2de096c72%2F2tdsq5j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question:
Churl Corporation's adjusted trial balance included the following items (all account balances are normal):
Accounts payable
$65,000
Accounts receivable
$42,000
Capital stock
Cash
$100,000
$50,000
Dividends
$10,000
Goodwill
$47,000
Interest
expense
$4,000
Interest payable
$2,000
Inventory
$26,000
Notes payable
$80,000
Prepaid expenses
$5,000
Property, plant & equipment $123,000
Retained earnings
$46,000
Rent expense
$18,000
Revenues
$101,000
Salary expense
$60,000
How much are total assets?
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