The following list of accounts is from the adjusted trial balance for Monty Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense $128,640 179,520 94,080 217,920 107,520 410,880 68,160 220,800 1.069,440 30,720 180,480 Equipment Income tax expense Insurance expense Inventory Land Loan payable (due in 2 years) Prepaid expenses Property tax payable Refund liability Salaries expense Salaries payable Sales 4 $907,200 58,560 112,320 222,720 1,056,000 1,872,000 27,840 17,280 20.160 744.960 24.960 2.519.040

The following list of accounts is from the adjusted trial balance for Monty Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense $128,640 179,520 94,080 217,920 107,520 410,880 68,160 220,800 1.069,440 30,720 180,480 Equipment Income tax expense Insurance expense Inventory Land Loan payable (due in 2 years) Prepaid expenses Property tax payable Refund liability Salaries expense Salaries payable Sales 4 $907,200 58,560 112,320 222,720 1,056,000 1,872,000 27,840 17,280 20.160 744.960 24.960 2.519.040

Name: Determine the amount of Monty's current assets and current liabilitie
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Description: Determine the amount of Monty's current assets and current liabilities.Total current assetsTotal current liabilities $2 Type here to searcheTextbook and MediaSave for Later The following list of accounts is from the adjusted trial balance for Monty

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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