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  3. the following list of accounts is from the adjuste

The following list of accounts is from the adjusted trial balance for Ayayai Corporation: ...

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Question

Accounting

The following list of accounts is from the adjusted trial balance for Ayayai Corporation:

Accounts payable

 $158,120

Equipment

 $1,115,100

Accounts receivable

 220,660

Income tax expense

 71,980

Accumulated depreciationbuildings

 115,640

Insurance expense

 138,060

Accumulated depreciationequipment

 267,860

Inventory

 273,760

Advertising expenses

 132,160

Land

 1,298,000

Buildings

 505,040

Loan payable (due in 2 years)

 2,301,000

Cash

 83,780

Prepaid expenses

 34,220

Common shares

 271,400

Property tax payable

 21,240

Cost of goods sold

 1,314,520

Refund liability

 24,780

Deferred revenue

 37,760

Salaries expense

 915,680

Depreciation expense

 221,840

Salaries payable

 30,680

Sales

 3,096,320

Determine the amount of Ayayais current assets and current liabilities.

1. Total current assets

2.Total current liabilities

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