157. Raponi, Inc. The following balance sheet items from Raponi, Inc. are listed for December 31, 2014: Accounts payable $ 32,650 Interest payable 2,200 Accounts receivable 26,500 Land 250,000 Accumulated depreciation-buildings 40,000 Marketable securities 15,000 Merchandise inventory 112,900 Accumulated depreciation-equipment 12,500 Notes payable, due April 15, 2015 6,500 Office supplies 200 Notes payable, due December 31, 2018 251,630 Paid-in capital in excess of par value 75,000 Buildings 150,000 Patents 45,000 Capital stock, $1 par value 200,000 Prepaid rent 3,800 Cash 60,990 Retained earnings 113,510 Equipment 84,500 Salaries payable 7,400 Income taxes payable 7,500 Read the information about Raponi, Inc. Required: Present the Current Assets section (including the total) of a classified balance sheet. | |
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