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Please only attempt if you can solve the question with a proper explanation. Please do not copy from Chegg. The following financial information is from
Please only attempt if you can solve the question with a proper explanation. Please do not copy from Chegg.
The following financial information is from Shovels Construction Company. Accounts payable $14,500 Buildings 85,000 Cash 11,600 Accounts receivable 10,000 Sales tax payable 2,900 Retained earnings 46,400 Supplies 41,800 Notes payable (due in 18 months) 26,000 Interest payable 1,000 Common stock 57,600 What is the amount of current assets, assuming the accounts above reflect normal activity
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