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

Accounting
1.2K views

Below are three unrelated scenarios:a) Jeremy Waru, an audit partner, provides inaccurate advice toa...Below...

Basic Math
1.2K views

Hypothetical Human population matrix over a period of time of 20 year intervals. Age 0-20 20-40 40-60...

Biology
1.2K views

A Photosynthesis and Cellular Respiration Lab was done: 10 algae beads were placed in cuvettes labeled...

Biology
1.2K views

Erythromycin is an antibiotic used to treat bacterial infections, by binding in front of the A...

Biology
1.2K views

10 Place the correct number 2 4 Space 3 5 dots dendrite synapse vesicle axon...

Physics
1.2K views

View in English solid sphere of mass m rolls without slipping down on inclined plane...

Statistics
1.2K views

Extracurricular activities are very school students have an average of 6 extracurricular activities A school...

Algebra
1.2K views

Question 2 8 points For the polynomial function f x 24x 80x 82x 24 a...

Accounting
1.2K views

2. Prepare summary journal entries dated May 31 to record the following May activities: (a)...

Accounting
1.2K views

Explain why earnings are not good measures of value relevance. ?

Finance
1.2K views

On January 1, a company issues bonds dated January 1 with a par value of...

Finance
1.2K views

Please help Question 13 (5 points) Organizations have counted on internal...