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The following financial information is from Shovels Construction Company: Accounts payable Buildings $13,300 85,000 Cash 12,300 Accounts receivable 11,200 Sales tax payable 3,400 Retained
The following financial information is from Shovels Construction Company: Accounts payable Buildings $13,300 85,000 Cash 12,300 Accounts receivable 11,200 Sales tax payable 3,400 Retained earnings 46,000 Supplies 40,300 Notes payable (due in 18 months) 34,000 Interest payable 2,600 Common stock 49,500 What is the amount of current assets, assuming the accounts above reflect normal activity?
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