omework: HW 4 - Chapter 4 core: 0 of 4 pts 1 of 9 (4 complate) X S4-10 (similar

Question

omework: HW 4 - Chapter 4 core: 0 of 4 pts 1 of 9 (4 complate) X S4-10 (similar to) Selected account balances for Megan's Mocha at the end of the month are listed below in random order. Data Table (Click the icon to view the account balances ) identitly or compute the tollowing amounts for Megan's Mocha (Click the icon to view the amounts to ldentity or compute ) Accounts payabie Unearned revenue Eqapment Inventory Accounes receivabive Salaries payable Nole payable, long serm $ 14,900 2,627 a. Total current assets 1,000 30 000 More Ino 6,100 1447 36.000 Totsl current assets c. Dook value of plant asnets d. Tota long serm lsbinies Common stock Supples. Building , 100 27.000 1,957 b. Totd current lablities 115, 000 Print Dona 52000 2200 Prepaid rent Retained eamnas Enter any numbor in the edit fields and then click Check Answer emaining O Type here to search

Explanation / Answer

Total Current assets: Cash 6000 Accounts receivable 6100 Inventory 30000 Supplies 1987 Prepaid rent 2200 Total Current assets: 46287 Total Current liabilities: Accounts payable 14900 Unearned revenue 2627 Salaries payable 1447 Total Current liabilities: 18974 Book value of plant assets: Equipment 41000 Less: Accumulated depreciation 4100 36900 Building 115000 Less: Accumulated depreciation 52000 63000 Book value of plant assets: 99900 Total Long term liabilities: Note payable Long term 36000 Total Long term liabilities: 36000

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.