Question
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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