Reference no: EM133133461

Question - Part One - The following information is taken from the records of Ginger Consulting.

Accounts Payable $19,430

Short-Term Investments $28,330

Land $18,110

Cash $6,620

Factory Equipment $34,170

Notes Payable $24,480

Office Furniture $27,470

Prepaid Expenses $29,560

Unearned Revenue $6,470

Required -

a) Calculate total current assets.

b) Calculate total noncurrent assets.

c) Calculate total assets.

Part Two - Renegade Landscaping's general ledger includes the following account balances on December 31, 2018.

Accounts Payable $10,960

Interest Payable $1,000

Salaries Payable $10,010

Notes Payable, Current Portion $13,950

Notes Payable, Long-Term Portion $13,950

Required -

a) Calculate current liabilities.

b) Calculate long-term liabilities.