FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Use the following partial listing of accounts from Wilco's 2022 Balance Sheet to answer the
following question
Accounts Payable
Note Payable (due in 2 years)
Land
Goodwill
Account Receivable
Marketable Securities (not for sale)
Retained Earnings
Common Stock
Income Tax Payable
Supplies
Wages Payable
Equipment
Buildings
Preferred Stock
Cash
Prepaid Rent
Accumulated Depreciation
Sales Revenue
Dividends
100,000
250,000
125,000
150,000
75,000
25,000
175,000
225,000
50,000
50,000
35,000
150,000
300,000
165,000
100,000
50,000
25,000
1,750,000
40,000
What amount would Wilco show for Current Liabilities on the 2022 Balance Sheet?
Provide your answer as a whole number
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Transcribed Image Text:Use the following partial listing of accounts from Wilco's 2022 Balance Sheet to answer the following question Accounts Payable Note Payable (due in 2 years) Land Goodwill Account Receivable Marketable Securities (not for sale) Retained Earnings Common Stock Income Tax Payable Supplies Wages Payable Equipment Buildings Preferred Stock Cash Prepaid Rent Accumulated Depreciation Sales Revenue Dividends 100,000 250,000 125,000 150,000 75,000 25,000 175,000 225,000 50,000 50,000 35,000 150,000 300,000 165,000 100,000 50,000 25,000 1,750,000 40,000 What amount would Wilco show for Current Liabilities on the 2022 Balance Sheet? Provide your answer as a whole number
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