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The following items were taken from the financial statements of M. Wright Company. Accumulated Long-term debt 1,000 depreciation 5,500 Prepaid insurance 500 Accounts payable 1,500

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The following items were taken from the financial statements of M. Wright Company. Accumulated Long-term debt 1,000 depreciation 5,500 Prepaid insurance 500 Accounts payable 1,500 Notes payable (after Equipment 11,500 2013) 1000 Long-term investment 500 Owner capital 11,500 Short term investment 4,000 Accounts receivable 2,000 Notes payable (in 2013) 500 Cash 2,500 Please find Current Assets: OA. 5000 B. 1000 C.6500 O 0.2990

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