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Use the following partial list of accounts to determine the amount that should be reported as total current assets on the balance sheet. Accounts receivable
Use the following partial list of accounts to determine the amount that should be reported as total current assets on the balance sheet.
Accounts receivable | $18,750 |
Allowance for doubtful accounts | 6,250 |
Advance deposits from customers | 2,500 |
Inventory | 13,750 |
Investment in trading securities | 26,250 |
67,500
40,000
52,000
25,000
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