Cameron White Company
Post Closing Trial Balance
December 31, 20xx
ACCOUNT				DEBIT	CREDIT
Cash				$7,700
Petty Cash Fund				100
Notes Receivable				2,000
Accounts Receivable				13,500
Allowance for Doubtful Accounts					$1,100
Merchandise Inventory				51,000
Office Supplies				450
Prepaid Insurance				1,900
Land				8,000
Building				28,000
Accum. Depr. -- Building					7,000
Store Equipment				6,500
Accum. Depr. -- Store Equipment					2,500
Office Equipment				4,500
Accum. Depr. -- Office Equipment					1,500
Notes Payable -- Short-Term					12,500
Accounts Payable					16,500
Interest Payable					400
Retained Earnings					56,150
Mortgage Payable					26,000
Total				123,650	123,650

The adjusted trial balance data from the Cameron White Company spreadsheet for the year end December 31. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. The beginning Retained Earnings account for the period was $49,000. The ending retained earnings for the period from the statement of retained earnings is $56,150. There were no dividends paid. 1. What is the amount of the net realized value for accounts receivable. a. $13,500 b. $12,400 c. 14,600 d. $1,100

2. What is the amount of the net book value for store equipment? A. $4,000 b. $6,500 c.$9,000 d. $2,500

3. What is the amount of the total current assets? A. $76.650 b. $109.650 c. $108,550 d. $75,550

4. What is the amount of the total plant and equipment? A. $36,000 b. $28,000 c. $47,000 d. 39,000

5. What is the amount of total assets? A. $111,550 b. $109,650 c. $108,550 d. $155,550

6. What is the amount of the total current liabilities? A. $59,000 b. $29,000 c. 29,400 d. $12,500

7. What is the amount of the total long