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The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Cash Accounts

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The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment $ 240,000 966,000 1,712,500 13,500 8,000 830,000 550,000 3.600,000 1,820,000 Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment $ 240,000 966,000 1,712,500 13,500 8,000 830,000 550,000 3.600,000 1,820,000 Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment

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