Accounting Questionnaire

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1. Use the following data to determine the total dollar amount of assets to be classified as current assets.

Windsor, Inc.
Balance Sheet
December 31, 2022

Cash$186000

Accounts payable$201000

Accounts receivable150000

Salaries and wages payable31000

Inventory157000

Mortgage payable244000

Prepaid insurance93300

Total liabilities$476000

Stock investments (long-term)
274000

Land286000

Buildings$317000

Common stock$383300

Less: Accumulated depreciation(62000)255000

Retained earnings742000

Trademarks200000

Total stockholders’ equity$1125300

Total assets$1601300

Total liabilities and stockholders’ equity$1601300

$429300

$860300

$586300

$493000

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