Consider the following information taken from the Adjusted Trial Balance of a business as of December 31, 2022. Account Title Amount Account Title Amount Accounts Payable $213,000 Loans Payable, long term 156,000 Equipment 54,000 Vicente, Capital (beg) 14,000 Vicente, Withdrawals 1,590,000 Accumulated Depreciation - Building 45,000 Accumulated Equipment $200,000 Accounts Receivable 450,000 2,258,000 Inventory Salaries Payable Building Cash 54,000 240,000 Depreciation 135,000 Total Current Liabilities amounts to $200,000 O $227,000 $213,000 t 407 000

Consider the following information taken from the Adjusted Trial Balance of a business as of December 31, 2022. Account Title Amount Account Title Amount Accounts Payable $213,000 Loans Payable, long term 156,000 Equipment 54,000 Vicente, Capital (beg) 14,000 Vicente, Withdrawals 1,590,000 Accumulated Depreciation - Building 45,000 Accumulated Equipment $200,000 Accounts Receivable 450,000 2,258,000 Inventory Salaries Payable Building Cash 54,000 240,000 Depreciation 135,000 Total Current Liabilities amounts to $200,000 O $227,000 $213,000 t 407 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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