Cheyenne Real Estate Balance Sheet December 31, 2020 Cash $ 25200 Accounts Payable $ 61000 Prepaid Insurance 29600 Salaries and Wages 15000 Payable Accounts Receivable 50500 Mortgage Payable 86500 Inventory 70200 Total Liabilities 162500 Land Held for 84200 Investment Land 119500 Buildings $99800 Less Accumulated Owner's Capital 367400 Depreciation (19700) 80100 Trademark 70600 Total Liabilities and Total Assets $529900 Owner's Equity $529900 The total dollar amount of liabilities to be classified as current liabilities is
Cheyenne Real Estate Balance Sheet December 31, 2020 Cash $ 25200 Accounts Payable $ 61000 Prepaid Insurance 29600 Salaries and Wages 15000 Payable Accounts Receivable 50500 Mortgage Payable 86500 Inventory 70200 Total Liabilities 162500 Land Held for 84200 Investment Land 119500 Buildings $99800 Less Accumulated Owner's Capital 367400 Depreciation (19700) 80100 Trademark 70600 Total Liabilities and Total Assets $529900 Owner's Equity $529900 The total dollar amount of liabilities to be classified as current liabilities is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information for Cheyenne Real Estate
![Cheyenne Real Estate
Balance Sheet
December 31, 2020
Cash
$ 25200
Accounts Payable
$ 61000
Prepaid Insurance
29600
Salaries and Wages
15000
Payable
Accounts Receivable
50500
Mortgage Payable
86500
Inventory
70200
Total Liabilities
162500
Land Held for
84200
Investment
Land
119500
Buildings
$99800
Less Accumulated
Owner's Capital
367400
Depreciation
(19700)
80100
Trademark
70600
Total Liabilities and
Total Assets
$529900
Owner's Equity
$529900
The total dollar amount of liabilities to be classified as current liabilities is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa180a1db-093c-4cf7-8336-8bcf22ffea06%2Fdcaaa296-d4e5-4080-afeb-e1acb740bae7%2Fukhw7x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cheyenne Real Estate
Balance Sheet
December 31, 2020
Cash
$ 25200
Accounts Payable
$ 61000
Prepaid Insurance
29600
Salaries and Wages
15000
Payable
Accounts Receivable
50500
Mortgage Payable
86500
Inventory
70200
Total Liabilities
162500
Land Held for
84200
Investment
Land
119500
Buildings
$99800
Less Accumulated
Owner's Capital
367400
Depreciation
(19700)
80100
Trademark
70600
Total Liabilities and
Total Assets
$529900
Owner's Equity
$529900
The total dollar amount of liabilities to be classified as current liabilities is
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