Question

Assets Cash Company Balance Sheet December 31, 2020 $ 743,800 Accounts Receivable ? Supplies 2,900 Inventory 52,000 Current Assets ? Equipment Total Assets 119,300 ? Liabilities $ Accounts payable Salaries payable 300,500 42,000 Current Liabilities ? Notes Payable ? Total Liabilities 607,600 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 662,100 ? 789,400 ? What is the Accounts Receivable balance? Input number ###,###

          Assets
Cash
Company
Balance Sheet
December 31, 2020
$
743,800
Accounts Receivable
?
Supplies
2,900
Inventory
52,000
Current Assets
?
Equipment
Total Assets
119,300
?
Liabilities
$
Accounts payable
Salaries payable
300,500
42,000
Current Liabilities
?
Notes Payable
?
Total Liabilities
607,600
Stockholders' Equity
Common Stock
Retained Earnings
Total Stockholders'
Equity
Total Liabilities &
Stockholders' Equity
662,100
?
789,400
?
What is the Accounts Receivable balance? Input number ###,###

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Assets
Cash
Company
Balance Sheet
December 31, 2020
743,800
Accounts Receivable
?
Supplies
2,900
Inventory
52,000
Current Assets
?
Equipment
Total Assets
119,300
?
Liabilities
Accounts payable
Salaries payable
300,500
42,000
Current Liabilities
?
Notes Payable
?
Total Liabilities
607,600
Stockholders' Equity
Common Stock
Retained Earnings
Total Stockholders'
Equity
Total Liabilities
Stockholders' Equity
662,100
?
789,400
?
What is the Accounts Receivable balance? Input number ###,###

Added by Mathew A.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Lourence Gonhovi

Step 1

The company's total current assets are the sum of cash, accounts receivable, supplies, and inventory. Total current assets = $743,800 + $2,900 + $52,000 + $119,300 = $918,000 Show more…

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Company Balance Sheet December 31, 2020 Assets Cash Accounts Receivable Supplies Inventory Current Assets $743,800 $2,900 $52,000 Equipment Total Assets $119,300 Liabilities Accounts payable Salaries payable Current Liabilities $300,500 $42,000 Notes Payable Total Liabilities $2,607,600 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $662,100 $789,400

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