Question
2 On June 12, Carpenter Printing printed $18,262 in magazines for the Pierre Company. The magazines were delivered on June 15, along with an invoice
2 On June 12, Carpenter Printing printed $18,262 in magazines for the Pierre Company. The magazines were delivered on June 15, along with an invoice for $6,272 due July 15. Per the contract negotiated by the Pierre Company with Carpenter Printing, S4,648 will be invoiced in July and will be due August 15; the remainder will be invoiced in August and will be due September 15. On June 18, Cecil Advertising Agency signed a contract with Carpenter Printing to print advertisements, paying $24,728 in advance. $11,671 in advertisements are contracted to be printed in June and $28,134 in advertisements are contracted to be printed in July. On June 30, $12,488 of advertisements were printed and delivered to Cecil Advertising. On June 30, $3,365 of the $16,147 in supplies remaining on May 31 have not been used. Based on these transactions alone, what are the Total Current Assets on the Balance Sheet on June 30? 10 pol
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