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Use the following data to determine the amounts required below:
Item Amount(Sh)
Cash 130,000
Accounts receivable 100,000
Inventory 110,000
Prepaid insurance 60,000
Stock investments 170,000
Land 180,000
Patents 210,000
Buildings 810,000
trademarks 140,000
Accounts payable 140,000
Salaries and wages payable 20,000
Mortgage payable 140,000
Beginning common stock(capaital) 240,000
Retained earnings 170,000
Required:
Determine the following amounts:
(a) Current assets,
(b) Total assets
(c) Current liabilities
(d) total liabilities
(e) Ending capital
(f) Working capital
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