The adjusted trial balance data from the Cameron White Company spreadsheet for the year end December 31. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. The beginning Retained Earnings account for the period was $49,000. The ending retained earnings for the period from the statement of retained earnings is $56,150. There were no dividends paid.
1. What is the amount of the net realized value for accounts receivable.
a. $13,500 b. $12,400 c. 14,600 d. $1,100
2. What is the amount of the net book value for store equipment? A. $4,000 b. $6,500 c.$9,000 d. $2,500
3. What is the amount of the total current assets? A. $76.650 b. $109.650 c. $108,550 d. $75,550
4. What is the amount of the total plant and equipment? A. $36,000 b. $28,000 c. $47,000 d. 39,000
5. What is the amount of total assets? A. $111,550 b. $109,650 c. $108,550 d. $155,550
6. What is the amount of the total current liabilities? A. $59,000 b. $29,000 c. 29,400 d. $12,500
7. What is the amount of the total long -term liabilities? A. $26,400 b. $42,900 c. $59,000 d. $26,000
8. What is the amount of the total stockholders' equity? A. $49,000 b. $166,950 c. $56,150
9. What is the amount of net income for the period? A. $109,150 b. $7,150 c. $56,150 d. $7,700