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Determine the current assets and total assets amounts

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Reference no: EM131876156

Use the following data to determine the amounts required below:

Item Amount(Sh)

Cash 130,000

Accounts receivable 100,000

Inventory 110,000

Prepaid insurance 60,000

Stock investments 170,000

Land 180,000

Patents 210,000

Buildings 810,000

trademarks 140,000

Accounts payable 140,000

Salaries and wages payable 20,000

Mortgage payable 140,000

Beginning common stock(capaital) 240,000

Retained earnings 170,000

Required:

Determine the following amounts:

(a) Current assets,

(b) Total assets

(c) Current liabilities

(d) total liabilities

(e) Ending capital

(f) Working capital

Reference no: EM131876156

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