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The insurance has been prepaid until June 30, 2025. Determine the amount of total current assets reported on the balance sheet at December 31, 2024.
The insurance has been prepaid until June 30, 2025. Determine the amount of total current assets reported on the balance sheet at December 31, 2024. The balances of select accounts of Sandra Company as of December 31, 2024 are given below: Debit Credit Building $110,000 Cash 5,000 Office Supplies 700 Fumiture 7,000 Prepaid Insurance 450 Accumulated Depreciation--Furniture $2,000 Land 33,000 Accumulated Depreciation-Building 4,800 Accounts Receivable 2,300 O A. $14,300 OB. $8,450 O C. $6,150 OD. $5,700
The insurance has been prepaid until June 30, 2025. Determine the amount of total current assets reported on the balance sheet at December 31, 2024.
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