The account balances for Premera Blue Cross are listed below. All balances are as of...
60.1K
Verified Solution
Question
Accounting

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|l|r|} \hline Accounts Payable & $16,500 & Rent Expense & $18,000 \\ \hline Accounts Receivable & 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 Goods 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 & 6,000 & Unearned Revenue & 12,600 \\ \hline \end{tabular} Determine Total Current Assets as of December 31, 2023: Select one: a. $572,250 b. $603,600 c. $135,300 d. $140,100 e. $136,500
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.