ACCOUNTING CYCLE Balance sheet subtotals Accounts Payable $ 39,500 Service Revenue $ 42,100 Accounts Receivable 48,500 Legal Expense 5,600 17,300 Note Payable, due in two years. 15,000 Accumulated Depreciation, Equipment Accumulated Depreciation, Buildings 68,900 O Prepaid Rent 15,500 U Advertising Expense 9,700 7,600 0 Rent Expense 82,000 Beginning Capital Salaries Expense 3,800 Buildings 86,000 14,000 Salaries Payable 23,000 Cash 19,300 Supplies Drawing 17,100 7.000 O Supplies Expense 35,700 Equipment lanation Check Required: Compute the dollar amount of the total current assets as it would appear on the December 31 balance sheet. $0 Dollar amount of Total Current Assets