Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. A1 Auto Supplies Balance Sheet December 31, 2025 Cash and cash equivalents Accounts receivable. Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated $230,000 depreciation (60.000) Trademarks: Total assets. $ 70,000 100,000 140,000 80,000 180,000 190,000 140,000 $1,070,000 Accounts payable Salaries and wages payable Bonds 180.000 payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 170,000 $ 130,000 20,000 330,000 240,000 500.000 $1.070,000 740.000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.
A1 Auto Supplies
Balance Sheet
December 31, 2025
Cash and cash
equivalents
Accounts receivable
Inventory
Prepaid insurance
Stock investments
Land
Buildings
Less: Accumulated
depreciation (60.000)
Trademarks
Total assets
$420,000
$500,000
$360,000
$230,000
$540,000
$70,000
100,000
140,000
80,000
180,000
190,000
140,000
$1,070,000
Accounts
payable
Salaries and wages
payable
Bonds
180,000
payable
Total liabilities
Common stock
Retained
earnings
Total stockholders'
equity
Total liabilities and
stockholders' equity
170,000
$ 130,000
20,000
330,000
240,000
500,000
$1,070,000
740,000
Transcribed Image Text:Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. A1 Auto Supplies Balance Sheet December 31, 2025 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation (60.000) Trademarks Total assets $420,000 $500,000 $360,000 $230,000 $540,000 $70,000 100,000 140,000 80,000 180,000 190,000 140,000 $1,070,000 Accounts payable Salaries and wages payable Bonds 180,000 payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 170,000 $ 130,000 20,000 330,000 240,000 500,000 $1,070,000 740,000
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