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Sheridan Company's trial balance reflected the following account balances at December 31, 2017: Accounts receivable (net) $38000 Trading securities 13000 Accumulated depreciation on equipment and
Sheridan Company's trial balance reflected the following account balances at December 31, 2017:
| Accounts receivable (net) | $38000 | ||
| Trading securities | 13000 | ||
| Accumulated depreciation on equipment and furniture | 32000 | ||
| Cash | 31000 | ||
| Inventory | 61500 | ||
| Equipment | 48000 | ||
| Patent | 7800 | ||
| Prepaid expenses | 3000 | ||
| Land held for future business site | 37000 |
In Sheridans December 31, 2017 balance sheet, the current assets total is
|
| $212500. |
|
| $234300. |
|
| $146500. |
|
| $218300. |
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