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Clady Corporation's trial balance reflected the following account balances at December 31, 2013: Accounts receivable................$28,000 Allowance for doubtful accounts................$12,000 Cash................11,000 Equipment................42,000 Accumulated depreciation................40,000 Inventory................30,000 Cash
Clady Corporation's trial balance reflected the following account balances at December 31, 2013: Accounts receivable................$28,000 Allowance for doubtful accounts................$12,000 Cash................11,000 Equipment................42,000 Accumulated depreciation................40,000 Inventory................30,000 Cash held to retire bonds in 2014................15,000 Treasury bills (mature 8/1/2014) ................6,000 Note receivable (due 12/31/2014) ................12, 500 Discount on note receivable................2, 100 In Clady's December 31, 2013 balance sheet, the current assets total is $90, 500. $102, 500. $78,000. $88, 400. $87, 500. $73, 400. $75,000. None of the above
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