Question
The balances of select accounts of Sandra Company as of December 31, 2025 are given below Debit Credit Building Cash $120,000 6,000 Supplies 700
The balances of select accounts of Sandra Company as of December 31, 2025 are given below Debit Credit Building Cash $120,000 6,000 Supplies 700 Furniture 6,000 Prepaid Insurance 600 Accumulated Depreciation-Furniture $3,000 Land 33,000 Accumulated Depreciation-Building 4,300 Accounts Receivable 2,500 The insurance has been prepaid until June 30, 2026 Determine the amount of total current assets reported on the balance sheet at December 31, 2025
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
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