Table 4-6
Selected Accounting Data as at December 31, 2019

question 5

Multiple Choice

Table 4-6
Selected accounting data as at December 31, 2019 for Martineau Delivery follows: $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 25,000 \\\hline \text { Accounts payable } & 33,000 \\\hline \text { Accounts receivable } & 34,000 \\\hline \text { Salary payable } & 7,500 \\\hline \text { Supplies } & 6,600 \\\hline \text { Unearned revenue } & 16,500 \\\hline \text { Prepaid rent } & 4,000 \\\hline \text { Mortgage payable (due } 2023 \text { ) } & 48,000 \\\hline \text { Equipment } & 52,000 \\\hline \text { C. Lexus, Capital } & 10,000 \\\hline \text { Accum. amort. -equipment } & 12,000 \\\hline \text { Service revenue } & 69,000 \\\hline \text { Salary expense } & 31,000 \\\hline \text { Accum. amort. -furniture } & 6,000 \\\hline \text { Fumiture } & 49,400 \\\hline\end{array}$$
-Referring to Table 4-6, the current liabilities and total liabilities are:

• A)$61,000 and $109,000 respectively.
• B)$40,500 and $88,500 respectively.
• C)$40,500 and $105,000 respectively.
• D)$57,000 and $105,000 respectively.

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Definitions:

Formal Discipline

A structured approach to teaching or enforcing rules and expectations, often used in educational or military settings.

Psychology

The scientific study of the mind and behavior, encompassing various fields such as cognitive, social, and developmental psychology.

1800s

The 19th century, a period marked by significant industrial, cultural, and political changes worldwide.

Wilhelm Wundt

Often considered the father of modern psychology, he established the first psychology laboratory at the University of Leipzig in 1879.