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On December 31, Scott Company has the following list of account balances. Additional Resources Accounts Payable $38,100 Equipment $52,000 Accounts Receivable 68,500 Service Revenue 64,500
On December 31, Scott Company has the following list of account balances.
Additional Resources
| Accounts Payable | $38,100 |
| Equipment | $52,000 | |
| Accounts Receivable | 68,500 |
| Service Revenue | 64,500 | |
| Accumulated Depreciation, Equipment | 19,900 |
| Legal Expense | 4,200 | |
| Accumulated Depreciation, Buildings | 60,700 |
| Note Payable, due in two years. | 19,000 | |
| Advertising Expense | 8,300 |
| Prepaid Rent | 24,700 | |
| Beginning Retained Earnings | 83,000 |
| Rent Expense | 6,000 | |
| Buildings | 102,000 |
| Salaries Expense | 3,600 | |
| Capital Stock | 48,300 |
| Salaries Payable | 9,100 | |
| Cash | 28,400 |
| Supplies | 20,100 | |
| Dividends | 16,300 |
| Supplies Expense | 8,500 |
Required:
Compute the dollar amount of the total Current Liabilities as it would appear on the December 31 balance sheet.
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