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Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Debit Credit Accounts Receivabletrade $730 Building and Equipment 1,030
Presented below are selected accounts for San Marcos Corporation for December 31 of the current year.
Debit | Credit | |
Accounts Receivabletrade | $730 | |
Building and Equipment | 1,030 | |
Cash in Bankoperating | 59 | |
Interest Receivable due in 1 month | 45 | |
Installment Receivables due in 6 months | 70 | |
Merchandise Inventory | 35 | |
Land | 310 | |
Notes Receivablelong term | 535 | |
Petty Cash | 18 | |
Prepaid Expensescurrent | 42 | |
Supplies | 29 | |
Patent | 70 | |
Accounts Payabletrade | 635 | |
Accumulated Depreciation | 235 | |
Additional Paid-in Capital | 610 | |
Allowance for Uncollectible Accounts | 65 | |
Cash Dividends Payable | 70 | |
Common Stock$1 par value | 55 | |
Income Tax Payable | 95 | |
Notes Payable2 years | 910 | |
Retained Earnings | 75 | |
Unearned Revenues2 years | 95 | |
Cash Dividends Declared Service Revenue | 250 | 578 |
Operating Expenses | 200 | |
TOTALS | $3,423 | $3,423 |
What are current assets for San Marcos Corporation?
Group of answer choices
$28
$963
$1,010 D)$0
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