Reference no: EM132850932
Question - The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows:
Account Title Debit Credit
Accounts payable 99,000
Accounts receivable 179,000
Accumulated depreciation-equipment 269,000
Common stock 499,000
Cash 35,000
Cost of goods sold 489,000
Depreciation expense 69,000
Equipment 718,000
Interest expense 6,000
Inventory 159,000
Note payable (due in six months) 69,000
Rent expense 39,000
Retained earnings 73,000
Salaries payable 17,000
Sales revenue 797,000
Salaries expense 129,000
Totals 1,823,000 1,823,000
Required - Compute Kline's 12/31/2021 total current assets?
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