FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the amount of current assets, assuming the accounts above reflect normal activity? (just type in numbers)
Accounts Payable
$12,000
Buildings
70,000
Cash
8,000
Accounts Receivable
7,000
Sales Tax Payable
5,000
Retained Earnings
47,000
Supplies
2,000
35,000
Notes Payable (due in 18
months)
Interest Payable
3,000
Common Stock
45,000
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Transcribed Image Text:What is the amount of current assets, assuming the accounts above reflect normal activity? (just type in numbers) Accounts Payable $12,000 Buildings 70,000 Cash 8,000 Accounts Receivable 7,000 Sales Tax Payable 5,000 Retained Earnings 47,000 Supplies 2,000 35,000 Notes Payable (due in 18 months) Interest Payable 3,000 Common Stock 45,000
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