The following accounts appeared on the trial balance of Wildhorse Company at December 31, 2025. Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings Compute each of the following: Total current assets Total assets Total current liabilities $185,000 690,000 42,000 28,000 Unappropriated Retained Earnings Inventory Total stockholders' equity 300,000 190,000 1,300,000 7,300 195,000 140,000 Total property, plant, and equipment 165,000 760,000 210,000 $ LA $ $ SA $ LA Accounts Receivable Prepaid Insurance Common Stock Land Trading Securities Interest Payable Buildings Accounts Payable Additional Paid-in Capital $510,000 57,000 1,025,000 290,000 1,480,250 450,000 79,000 5,100 1,900,000 420,000 130,000
The following accounts appeared on the trial balance of Wildhorse Company at December 31, 2025. Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings Compute each of the following: Total current assets Total assets Total current liabilities $185,000 690,000 42,000 28,000 Unappropriated Retained Earnings Inventory Total stockholders' equity 300,000 190,000 1,300,000 7,300 195,000 140,000 Total property, plant, and equipment 165,000 760,000 210,000 $ LA $ $ SA $ LA Accounts Receivable Prepaid Insurance Common Stock Land Trading Securities Interest Payable Buildings Accounts Payable Additional Paid-in Capital $510,000 57,000 1,025,000 290,000 1,480,250 450,000 79,000 5,100 1,900,000 420,000 130,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The following accounts appeared on the trial balance of Wildhorse Company at December 31, 2025.
Notes Payable (short-term)
Accumulated Depreciation - Bldg.
Supplies
Salaries and Wages Payable
Debt Investments (long-term)
Cash
Bonds Payable Due 1/1/2028
Allowance for Doubtful Accts.
Copyrights
Notes Receivable (due in 6 months)
Income Taxes Payable
Preferred Stock
Appropriated Retained Earnings
Compute each of the following:
Total current assets
Total assets
Total current liabilities
$185,000
690,000
Total stockholders' equity
Total property, plant, and equipment
42,000
28,000
300,000
190,000
1,300,000
7,300
195,000
140,000
165,000
760,000
210,000
$
LA
$
tA
$
$
LA
$
Accounts Receivable
Prepaid Insurance
Common Stock
Unappropriated Retained Earnings
Inventory
Land
Trading Securities
Interest Payable
Buildings
Accounts Payable
Additional Paid-in Capital
$510,000
57,000
1,025,000
290,000
1,480,250
450,000
79,000
5,100
1,900,000
420,000
130,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86bb5a26-1c17-43b4-b357-4e877aaa3121%2F357bfb61-eae5-4035-a933-2cecc0944bfa%2F7cf8h1i_processed.png&w=3840&q=75)
Transcribed Image Text:The following accounts appeared on the trial balance of Wildhorse Company at December 31, 2025.
Notes Payable (short-term)
Accumulated Depreciation - Bldg.
Supplies
Salaries and Wages Payable
Debt Investments (long-term)
Cash
Bonds Payable Due 1/1/2028
Allowance for Doubtful Accts.
Copyrights
Notes Receivable (due in 6 months)
Income Taxes Payable
Preferred Stock
Appropriated Retained Earnings
Compute each of the following:
Total current assets
Total assets
Total current liabilities
$185,000
690,000
Total stockholders' equity
Total property, plant, and equipment
42,000
28,000
300,000
190,000
1,300,000
7,300
195,000
140,000
165,000
760,000
210,000
$
LA
$
tA
$
$
LA
$
Accounts Receivable
Prepaid Insurance
Common Stock
Unappropriated Retained Earnings
Inventory
Land
Trading Securities
Interest Payable
Buildings
Accounts Payable
Additional Paid-in Capital
$510,000
57,000
1,025,000
290,000
1,480,250
450,000
79,000
5,100
1,900,000
420,000
130,000
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