The following information is for Tamarisk Real Estate: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $101000 O $60500. O $15200. O $75700. O $159500. (20200) TamariskReal Estate Balance Sheet December 31, 2020 $ 24600 30300 51000 71300 83800 118100 80800 70400 $530300 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of liabilities to be classified as current liabilities is $ 60500 15200 83800 159500 370800 $530300

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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The following information is for Tamarisk Real Estate:
Cash
Prepaid Insurance
Accounts Receivable
Inventory
Land Held for Investment
Land
Buildings
Less Accumulated
Depreciation
Trademark
Total Assets
$101000
O $60500.
O $15200.
O $75700.
O $159500.
TamariskReal Estate
Balance Sheet
December 31, 2020
$ 24600 Accounts Payable
30300
51000
71300
83800
118100
(20200) 80800
70400
$530300
Salaries and Wages Payable
Mortgage Payable
Total Liabilities
Owner's Capital
Total Liabilities and
Owner's Equity
The total dollar amount of liabilities to be classified as current liabilities is
$ 60500
15200
83800
159500
370800
$530300
Transcribed Image Text:The following information is for Tamarisk Real Estate: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $101000 O $60500. O $15200. O $75700. O $159500. TamariskReal Estate Balance Sheet December 31, 2020 $ 24600 Accounts Payable 30300 51000 71300 83800 118100 (20200) 80800 70400 $530300 Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of liabilities to be classified as current liabilities is $ 60500 15200 83800 159500 370800 $530300
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