Question
Building Cash Office Supplies Furniture Prepaid Insurance Accumulated Depreciation-Furniture Land Accumulated Depreciation-Building Accounts Receivable Debit $110,000 Credit 8,000 1,000 5,000 500 $5,000 30,000 4,100
Building Cash Office Supplies Furniture Prepaid Insurance Accumulated Depreciation-Furniture Land Accumulated Depreciation-Building Accounts Receivable Debit $110,000 Credit 8,000 1,000 5,000 500 $5,000 30,000 4,100 2,000 The insurance has been prepaid until June 30, 2025. Determine the amount of total current assets reported on the balance sheet at December 31, 2024. A. $9,000 B. $9,500 OC. $15,000 OD. $11,500
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
