Question

a newconnect.mheducation.com Connect 202.000 ),00 Long-tern investaents Loans to enployees S0.000 290.0D0 Building 1,650,000 162,000 300 Acoumulated depreeiation-building Nocumelated depreciation-equipment Aocounts payable Dividends payable (payable on 1/16/19 630,000 20,000 6,000 50,000 Defe Notes payable Conson stock Totals uncollectible 2.040,000 ,839,000 3,899,000 Additional information: 1. The common stock represents 1.4 milion shares of no par stock authorized, 600,000 shares issued and outstanding 2. The loans to employees are due on June 30, 2019 3. The note receivable is due in installments of $60,000, payable on each September 30. Interest is payable annually 4. Short-term investments consist of marketable equity securities that the company plans to sell in 2019 and $60,000 in treasury bils purchased on December 15 of the current year that mature on February 15, 2019. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year 5. Deferred revenue represents customer payments for extended service contracts. Seventy five percent of these contracts expire n 6. Notes payable consists of two notes, one for $110,000 due on January 15, 2020, and another for $210,000 due on June 30 202 2019, the remainder in 2020 Prev 1of1 Next