Question
The McCarthy Company has the following adjusted trial balance as of December 31, 2017: Account Debit Credit Cash $800 Accounts Receivable 1000 Inventory 2200 Supplies
The McCarthy Company has the following adjusted trial balance as of December 31, 2017:
Account | Debit | Credit |
Cash | $800 | |
Accounts Receivable | 1000 | |
Inventory | 2200 | |
Supplies | 1800 | |
Prepaid Rent | 600 | |
Land | 6300 | |
Building | 39,500 | |
Accumulated Depreciation | $8,500 | |
Accounts Payable | 7,500 | |
Unearned Revenue | 4,100 | |
Notes Payable, due 2020 | 2,300 | |
Common Stock | 6,600 | |
Retained Earnings | 3,100 | |
Service Revenue | 33,000 | |
Rent Expense | 2,300 | |
Supplies Expense | 1,200 | |
Salaries Expense | 6,400 | |
Depreciation Expense | 1,400 | |
Utilities Expense | 1,600 | |
Totals | $65,100 | $65,100 |
What are total current assets at December 31, 2017?
A.
$45,900
B.
$4000
C.
$4600
D.
$6400
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