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Ch. 4-1

Assets:

Land $114,000

Long-term Investment in Stock $36,000

Notes Receivable (due in 3years) $26,000

Accounta receivable $24,000

Cash $26,000

Prepaid expenses $10,800

Supplies $10,200

Inventory $55,000

Intangible Assets $15,000

Trucks $46,000 Accumulated depreciation $12,000

Liabilities and Equity

Accounts payable $62,000

Wages payable $21,000

Interest payable $24,000

Notes payable (due in 9 years) $34,000

Mortgage payable (due in 20 years) $84,000

J. Carter, Capital $126,000

Tableau DA 4-1: Quick Study, Classifying balance sheet items LO C1 (similar to QS 4-12] The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Assets Long-Term Investment in Stocks Notes Receivable (due in 3 years) Land Prepaid Expenses Accounts Receivable Cash Supplies Intangible *** tableau + S T 1. Identify the company's current assets and their amounts. 2. Identify the company's current liabilities and their amounts. 3. Calculate the total amount reported for plant assets on the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Identify the company's current assets and their amounts. Amounts Current Assots: Total Required 2 >

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