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12. The balances of select accounts of Sandra Company as at December 31, 2015 are given below: Debit Credit Building $120,000 5,000 Cash Office Supplies
12. The balances of select accounts of Sandra Company as at December 31, 2015 are given below: Debit Credit Building $120,000 5,000 Cash Office Supplies 700 Furniture 3,000 Prepaid Insurance 450 Accumulated Depreciation Furniture $1,000 Land 35,000 Accumulated DepreciationBuilding 4,800 Accounts Receivable 2,500 The insurance has been prepaid for the next half year. What are the total current assets that would be shown on the balance sheet? A) $10,500 C) $8,650 B) $5,700 D) $6,150
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