| Accounts Receivable | 62,208 |
| Accumulated Other Comprehensive Income | 49,194 |
| Accumulated Depreciation - Bldg. | 93,960 |
| Additional Paid-in Capital | 19,656 |
| Allowance for Doubtful Accts. | 936 |
| Bonds Payable Due 1/1/2028 | 144,000 |
| Buildings | 231,120 |
| Cash | 20,430 |
| Common Stock | 135,000 |
| Copyrights | 23,148 |
| Debt Investments (long-term) | 33,768 |
| Income Taxes Payable | 18,720 |
| Interest Payable | 684 |
| Inventory | 189,630 |
| Land | 55,800 |
| Notes Payable (maturing on 3/1/21) | 23,040 |
| Notes Receivable (maturing on 6/15/21) | 16,560 |
| Preferred Stock | 90,000 |
| Prepaid Insurance (maturing 8/1/21) | 6,750 |
| Retained Earnings | 73,440 |
| Salaries and Wages Payable | 4,104 |
| Supplies | 4,536 |
| Trading Securities | 8,784 |
What is Bit Incorporated's total current assets to be shown on the December 31, 2020 balance sheet?
What is Bit Incorporated's total stockholders' equity to be shown on the December 31, 2020 balance sheet?
| Balance Sheet | ||
| At December 31,2020 | ||
| Assets | Amount | |
| Current Assets: | ||
| Cash | 20,430 | |
| Accounts receivable | 62,208 | |
| Inventory | 189,630 | |
| Note receivable | 16,560 | |
| Supplies | 4,536 | |
| Prepaid insurance | 6,750 | |
| Trading securities | 8,784 | |
| Total Current Assets | $308,898 | |
Total stockholders equity = Common stock + Additional Paid-in Capital + Retained Earnings + Accumulated Other Comprehensive Income
= 135,000+19,656+73,440+49,194
= $277,290
Bit Incorporated's total stockholders' equity to be shown on the December 31, 2020 balance sheet =$277,290
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