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Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Accounts Receivable-trade $740 Building and Equipment 1,040
Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Accounts Receivable-trade $740 Building and Equipment 1,040 Cash in Bank-operating Interest Receivable- due in 1 month 55 Installment Receivables-due in 6 months 80 45 Merchandise Inventory 320 Land Notes Receivableong term 545 Petty Cash 28 69 Prepaid Expenses-current Supplies Patent 52 39 80 Accounts Payable-trade 645 Accumulated Depreciation Additional Paid-in Capital 245 620 Allowance for Uncollectible Accounts 75 Cash Dividends Payable Common Stock-$1 par value 80 65 Income Tax Payable 105 Notes Payable-2 years Retained Earnings Unearned Revenues-2 years Cash Dividends Declared 920 85 105 260 608 Service Revenue Operating Expenses 200 TOTALS $3,553 $3,553 What are current ssets for San Marcos Corporation? O A. $1,523 B. $1,080 . $1,108 O D. $1,033
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