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A company provides the following information for the year 2018: Description Amount Description Mortgage payable Amount Cash $9,950 $17,500 (due 2021) Accounts payable $32,510

 




A company provides the following information for the year 2018: Description Amount Description Mortgage payable Amount Cash $9,950 $17,500 (due 2021) Accounts payable $32,510 Unearned revenue $950 Temporary investments Inventory $16,750 (to be sold within 3 months) $6,150 Equipment $217,500 Accumulated depreciation $97,500 Common shares $50,000 Retained earnings $15,940 Prepaid rent $1,350 Salaries payable $9,500 Accounts receivables $23,750 Long-term notes payable $47,500 Compute the current assets for the company.

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