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Sheridan Company's trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) $37000 Trading securities 11500 Accumulated depreciation on equipment and
Sheridan Company's trial balance reflected the following account balances at December 31, 2020:
Accounts receivable (net) | $37000 | ||
Trading securities | 11500 | ||
Accumulated depreciation on equipment and furniture | 29000 | ||
Cash | 33000 | ||
Inventory | 58500 | ||
Equipment | 45000 | ||
Patent | 9000 | ||
Prepaid expenses | 3700 | ||
Land held for future business site | 36500 |
In Sheridans December 31, 2020 balance sheet, the current assets total is
$211500.
$205500.
$143700.
$226700.
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