On December 31, Bryant Company has the following list of account balances. Additional Resources ...

70.2K

Verified Solution

Question

Accounting

On December 31, Bryant Company has the following list of account balances.

Additional Resources

Accounts Payable

$50,400

Equipment

$64,400

Accounts Receivable

65,600

Service Revenue

63,100

Accumulated Depreciation, Equipment

17,200

Legal Expense

6,300

Accumulated Depreciation, Buildings

53,800

Note Payable, due in two years.

16,000

Advertising Expense

5,400

Prepaid Rent

22,200

Beginning Retained Earnings

96,000

Rent Expense

7,500

Buildings

83,000

Salaries Expense

9,800

Capital Stock

33,300

Salaries Payable

11,400

Cash

18,600

Supplies

24,900

Dividends

23,700

Supplies Expense

9,800

Required:

Compute the dollar amount of the total Current Liabilities as it would appear on the December 31 balance sheet.

Dollar amount of Total Current Liabilities:

$

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