The following accounts appeared on the trail balance of Blossom Company at December 31, 2020. Notes…

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The following accounts appeared on the trail balance of Blossom Company at December 31, 2020. Notes…

The following accounts appeared on the trail balance of Blossom Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $560,000 Accumulated Depreciation – Bldg. 740,000 Prepaid Insurance 51,000 Supplies 42,000 Common Stock 1,025,000 Salaries and Wages Payable 31,000 Unappropriated Retained Earnings 350,000 Debt Investments (long-term) 230,000 Inventory 1,580,250 Cash 190,000 Land 440,000 Bonds Payable Due 1/1/2028 1,200,000 Trading Securities 71,000 Allowance for Doubtful Accts. 7,800 Interest Payable 5,000 Copyrights 195,000 Buildings 1,500,000 Notes Receivable (due in 6 months) 130,000 Accounts Payable 490,000 Income Taxes Payable 155,000 Additional Paid-in Capital 130,000 Preferred Stock 820,000 Appropriated Retained Earnings 290,000 Compute each of the following: 1. Total current assets $ 2. Total property, plant, and equipment $ 3. Total assets $ 4. Total current liabilities $ 5. Total stockholders’ equity $ Attempts: 0 of 1 used

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Reference no: EM132069492

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