Q2. The following accounts were included on ABC Inc., adjusted trial balance at December 31, 2014: 5 Marks $ 9,200 12,000 5,500 40,000 10,000 3,000 60,000 1,000 39,000 5,000 Accounts payable Accounts...


Q2. The following accounts were included on ABC Inc., adjusted trial balance at<br>December 31, 2014: 5 Marks<br>$ 9,200<br>12,000<br>5,500<br>40,000<br>10,000<br>3,000<br>60,000<br>1,000<br>39,000<br>5,000<br>Accounts payable<br>Accounts receivable<br>Cash<br>Owner's Capital<br>Owner's Drawings<br>Interest expense<br>Note payable, due 8/31/17<br>Supplies<br>Service revenue<br>Equipment<br>(a) What are total current assets? show working<br>(b) What are total current liabilities? Show working<br>

Extracted text: Q2. The following accounts were included on ABC Inc., adjusted trial balance at December 31, 2014: 5 Marks $ 9,200 12,000 5,500 40,000 10,000 3,000 60,000 1,000 39,000 5,000 Accounts payable Accounts receivable Cash Owner's Capital Owner's Drawings Interest expense Note payable, due 8/31/17 Supplies Service revenue Equipment (a) What are total current assets? show working (b) What are total current liabilities? Show working

Jun 11, 2022
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