Number 5

The insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018. A) $17,200 B) $10,750 C) $12,950 D) $10,200 5) The balances of select accounts of Donovan Company as of December 31, 2018 are given below. 5) Debit Credit Building $130,000 Office Supplies Furniture Prepaid Insurance Accumulated Depreciation-Furniture $3000 30,000 Accumulated Depreciation-Building Accounts Receivable 3000 What amount of total long-term assets would be shown on the balance sheet at December 31,2018? A) $160,000 B) $130,000 C) $166,000 D) $158,700