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Rogo Corp.'s trial balance reflected the following account balances at December 31, the end of the current fiscal year: Accounts receivable (net) $20,000 Short-term investments
Rogo Corp.'s trial balance reflected the following account balances at December 31, the end of the current fiscal year:
Accounts receivable (net) $20,000
Short-term investments 6,000
Accumulated depreciation on equipment and furniture 15,000
Cash 11,000
Inventory of merchandise 30,000
Equipment and furniture 25,000
Patent 4,000
Prepaid expenses 1,000
Land held for future business site 18,000
In Rogo's December 31balance sheet for the current fiscal year, the current assets total is
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