The following accounts appeared on the trial balance of Sunland Company at December 31, 2025. Notes Payable (short-term) $185,000 Accounts Receivable $530,000 Accumulated Depreciation - Bldg. 770,000 Prepaid Insurance 54,000 Supplies 38,000 Common Stock 1,025,000 Salaries and Wages Payable 29,000 Unappropriated Retained Earnings 270,000 Debt Investments (long-term) 290,000 Inventory 1,580,250 Cash 200,000 Land 400,000 Bonds Payable Due 1/1/2028 1,200,000 Trading Securities 78,000 Allowance for Doubtful Accts. 7,800 Interest Payable 5,100 Copyrights 195,000 Buildings 1,300,000 Notes Receivable (due in 6 months) 130,000 Accounts Payable 430,000 Income Taxes Payable 155,000 Additional Paid-in Capital 120,000 Preferred Stock 750,000 Appropriated Retained Earnings 280,000 Compute each of the following: 1. Total current assets "A 2. Total property, plant, and equipment $ 3. Total assets 4. Total current liabilities +A to 5. Total stockholders' equity LA

The following accounts appeared on the trial balance of Sunland Company at December 31, 2025. Notes Payable (short-term) $185,000 Accounts Receivable $530,000 Accumulated Depreciation - Bldg. 770,000 Prepaid Insurance 54,000 Supplies 38,000 Common Stock 1,025,000 Salaries and Wages Payable 29,000 Unappropriated Retained Earnings 270,000 Debt Investments (long-term) 290,000 Inventory 1,580,250 Cash 200,000 Land 400,000 Bonds Payable Due 1/1/2028 1,200,000 Trading Securities 78,000 Allowance for Doubtful Accts. 7,800 Interest Payable 5,100 Copyrights 195,000 Buildings 1,300,000 Notes Receivable (due in 6 months) 130,000 Accounts Payable 430,000 Income Taxes Payable 155,000 Additional Paid-in Capital 120,000 Preferred Stock 750,000 Appropriated Retained Earnings 280,000 Compute each of the following: 1. Total current assets "A 2. Total property, plant, and equipment $ 3. Total assets 4. Total current liabilities +A to 5. Total stockholders' equity LA

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...

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