Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. determine total current assests as of dec 31, 2023

determine total current assests as of dec 31, 2023 ...

80.2K

Verified Solution

Question

Accounting

image
determine total current assests as of dec 31, 2023
The account balances for Premera Blue Cross are listed below, All balances are as of December 31,2023 , except where noted otherwise. \begin{tabular}{|l|r|r|r|} \hline Accounts Payable & $16,500 & Rent Expense & $18,000 \\ \hline Accounts Receivabie & 28,800 & Equipment & 247,500 \\ \hline Wages Payable & 7,800 & Furniture & 66,000 \\ \hline Prepaid Expenses & 3,600 & Notes Payable (due 12/31/25) & 105,000 \\ \hline Dividends & 6,000 & Accumulated Depreciation & 31,350 \\ \hline Sales Revenue & 329,250 & Cash & 78,000 \\ \hline Notes Payable (due 4/30/24) & 3,000 & Common Stock & 60,000 \\ \hline Cost of Gocds Sold & 158,400 & Goodwill & 150,000 \\ \hline Loss on Sale of Equipment & 10,500 & Retained Earnings (1/1/23) & 42,450 \\ \hline Inventory & 28,500 & Marketable Equity Securities & 1,200 \\ \hline Advertising Expense & 9,000 & Depreciation Expense & 31,350 \\ \hline Insurance Expense & 5,000 & Unearned Revenue & 12,600 \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1a. Berry Co. purchases a patent on January 1, 2021, for $35,000 and the patent has...

Accounting
Q

Fill out the table below You can use the text as well as your own...

Biology
Q

In corn, red kernel color (R) is dominant to yellow (r) and smooth kernel texture...

Biology
Q

Gregor Mendel s study of genetics helped to form an understanding of how biological traits...

Biology
Q

Question 19 You find that a gene has been interrupted with a new piece of...

Biology
Q

Corners are sliced of a unit cube so that the six faces become a regular...

Basic Math
Q

Question Part 2 homes are located 8 miles apart on a straight stretch of beach...

Calculus
Q

3 Use the Venn diagram to represent each set in roster form 3 S 19...

Algebra
Q

The following additional information describes the companys manufacturing activities for June: ...

Accounting
Q

Under AASB 3, a business combination is: A) Bringing together of separate entities...

Accounting
Q

Barlow Company manufactures three products-A, B, and C. The selling price, varlable costs, and contribution...

Accounting
Q

Return to the original facts in the problem. Now suppose that, at the end of...

Accounting