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Given the following list of general ledger accounts, prepare a statement of nancial position for WCorporation as of December 31, 2017:

Please help answer the questions below. You do not need to show your work.Screen Shot 2018-05-06 at 7.55.23 PM.pngScreen Shot 2018-05-06 at 7.55.27 PM.png

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Given the following list of general ledger accounts, prepare a statement of financial position for
WCorporation as of December 31, 2017: Accounts Receivable $ 15,000
Accounts Payable 42,000
Accumulated Depreciation-Blfildings 3 1,000
Allowance for Uncollectible Accounts 3,000
Available-for—Sale Securities ~— (long term 92,000
investment)
Bonds Payable (Long Term) 50,000
Buildings 268,000
Cash 34,000
Common Stock 200,000
Chlstomer Deposits (Unearned Revenue) 8,000
Discount on Bonds Payable (Contra Acct) 6,000
Merchandise Inventory 27,000
Goodwill 64,000
Income Tax Payable 2,000
Land 20,000
Market Adjustment - Available-for-Sale Securities (debit balance) 2,000
Note Payable {due in 6 months) 15,000
Paid-in—Capital for Common 45,000
Paid-in—Capital for Preferred 3,000
Preferred Stock 100,000
Prepaid Expenses 19,000
Retained Earnings $0,000
Trading Securities- short term 11,000
Treasury Stock 5,000
Unrealized Gains and Losses (credit balance) 2,000 (A comprehensive income item)
Wages Payable 7,000

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9. Total Current Assets would be:
A) 103,000
B) 106,000
C) 92,000
D) 114,000
E) None of the above 10. Total Property Plant and Equipment would be:
A) 257,000
B) 288,000
C) 32 1,000
D) 139,000
E) None of the above 1].Tota1 Assets would be:
A) 521,000
B) 518,000
C) 549,000
D) 552,000
E) None of the above 12 Total current liabilities would be:
A) 74,000
B) 77,000
C) 64,000
D) 85,000
E) None of the above 13 Total Liabilities would be:
A) 124,000
B) 110,000
C) 112,000
D) 30,000
E) None of the above 14. Total shaxeholdensequity would be
A) 413,000
B) 415,000
C) 410,000
D) 400,000
E) None of the above

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