FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Below are the accounts of Jayden Services for the year ended December
31, 2019.
Accounts Payable
Accounts Receivable
Capital
Cash
Inventories
100,000
Long-term Debt
Notes Payable
Notes Receivable
Property and Equipment
Supplics and other payments
140,000
1,840,000
1,000,000
450,000
300,000
100,000
100,000
550,000
100,000
Compute and answer the following questions.
1. How much is the total current asset of the entity?
2. How much is the total non-current assets of the entity?
3. How much is the total current liability of the entity?
4. How much is the total non-current liability of the entity?
5. How much is the total assets of the entity?
2.
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Transcribed Image Text:Below are the accounts of Jayden Services for the year ended December 31, 2019. Accounts Payable Accounts Receivable Capital Cash Inventories 100,000 Long-term Debt Notes Payable Notes Receivable Property and Equipment Supplics and other payments 140,000 1,840,000 1,000,000 450,000 300,000 100,000 100,000 550,000 100,000 Compute and answer the following questions. 1. How much is the total current asset of the entity? 2. How much is the total non-current assets of the entity? 3. How much is the total current liability of the entity? 4. How much is the total non-current liability of the entity? 5. How much is the total assets of the entity? 2.
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