Calculate total of (A)current assets, (B)plant assets, and (C)stockholders' equity from these selected titles: Cash $7,500, Common Stock $30,000, Retained Earnings $51,000, Prepaid Rent $12,000, Accounts Payable $1,900, Accounts Receivable $6,000, Merchandise Inventory $19,000, Land $16,000, Building $11,000.

Question

Quizplus · Accepted Answer

A. 7,500 + 12,000 + 6,000 + 19,000 = 44,500; B. 16,000 + 11,000 = 27,000; C. 30,000 + 51,000 = 81,000.

Calculate Total of (A)current Assets, (B)plant Assets, and (C)stockholders' Equity