The following information is for Bramble Auto Supplies: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $199000 $51000. O $129000. $180000. O $334000. (54000) Bramble Auto Suplies Balance Sheet December 31, 2020 $ 40000 80000 100000 140000 182000 255000 145000 139000 $1081000 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of liabilities to be classified as current liabilities is $ 129000 51000 154000 334000 747000 $1081000
The following information is for Bramble Auto Supplies: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $199000 $51000. O $129000. $180000. O $334000. (54000) Bramble Auto Suplies Balance Sheet December 31, 2020 $ 40000 80000 100000 140000 182000 255000 145000 139000 $1081000 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of liabilities to be classified as current liabilities is $ 129000 51000 154000 334000 747000 $1081000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is for Bramble Auto Supplies:
Cash
Prepaid Insurance
Accounts Receivable
Inventory
Land Held for Investment
Land
Buildings
Less Accumulated
Depreciation
Trademark
Total Assets
O $51000.
$129000.
O $180000.
O $334000.
$199000
T
(54000)
Bramble Auto Suplies
Balance Sheet
December 31, 2020
$ 40000
80000
100000
140000
182000
255000
145000
139000
$1081000
Accounts Payable
Salaries and Wages Payable
Mortgage Payable
Total Liabilities
The total dollar amount of liabilities to be classified as current liabilities is
Owner's Capital
Total Liabilities and
Owner's Equity
$ 129000
51000
154000
334000
747000
$1081000
A
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