The following information is for Sunny Day Real Estate: Balance Sheet December 31, 2015 $ 25,000 Accounts Payable 30,000 Salaries and Wages Payable $ 60,000 15,000 50,000 Mortgage Payable 85,000 70.000 Total Liabilities 160,000 85,000 Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets 120,000 $100,000 Common Stock $120,000 Retained Earnings 250,000 370,000 (20,000) 80,000 70,000 $530,000 Total Liabilities and Stockholders' Equity $530,000 The total dollar amount of assets to be classified as current assets is $175.000 $105,000 $190,000 $260.000 MacBook Air Jawbreaker Company paid $940 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $490 and a credit to Accounts Receivable of $490. The correcting entry is O Accounts Payable Cash 940 Accounts Receivable Accounts Payable Cash 490 940 1.430 Accounts Receivable Cash 490 490 490 Accounts Receivable Accounts Payable Accounts 490