The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017: Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Share capital-ordinary Dividends Depreciation expense Equipment Insurance expense Note payable, due 6/30/18 Prepaid insurance (12-month policy) Rent expense Retained earnings (1/1/17) Salaries and wages expense Service revenue Supplies Supplies expense What are total current assets at December 31, 2017? ¥ 72,000 44,000 112,000 84,000 60,000 168,000 56,000 48,000 840,000 12,000 280,000 24,000 68,000 240,000 128,000 532,000 16,000 24,000

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2017: Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Share capital-ordinary Dividends Depreciation expense Equipment Insurance expense Note payable, due 6/30/18 Prepaid insurance (12-month policy) Rent expense Retained earnings (1/1/17) Salaries and wages expense Service revenue Supplies Supplies expense What are total current assets at December 31, 2017? ¥ 72,000 44,000 112,000 84,000 60,000 168,000 56,000 48,000 840,000 12,000 280,000 24,000 68,000 240,000 128,000 532,000 16,000 24,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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