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Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Accounts Receivablelong dashtrade $ 740$740 Building and

Presented below are selected accounts for San Marcos Corporation for December 31 of the current year.

Debit

Credit

Accounts

Receivablelong dashtrade

$ 740$740

Building and Equipment

1 comma 0401,040

Cash in

Banklong dashoperating

6969

Interest

Receivablelong dash

due in 1 month

5555

Installment

Receivableslong dash

due in 6 months

8080

Merchandise Inventory

4545

Land

320320

Notes

Receivablelong dashlong

term

545545

Petty Cash

2828

Prepaid

Expenseslong dashcurrent

5252

Supplies

3939

Patent

8080

Accounts

Payablelong dashtrade

645645

Accumulated Depreciation

245245

Additional

Paidminusin

Capital

620620

Allowance for Uncollectible Accounts

7575

Cash Dividends Payable

8080

Common

Stocklong dash$1

par value

6565

Income Tax Payable

105105

Notes

Payablelong dash2

years

920920

Retained Earnings

8585

Unearned

Revenueslong dash2

years

105105

Cash Dividends Declared

Service Revenue

260260

608608

Operating Expenses

200

TOTALS

$3 comma 5533,553

$3 comma 5533,553

What are current assets for San Marcos Corporation?

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