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What is the amount of current assets, assuming the accounts above reflect normal activity? Accounts Payable $12,000 Buildings 70,000 Cash 8,000 Accounts Receivable 7,000 Sales
What is the amount of current assets, assuming the accounts above reflect normal activity?
Accounts Payable
$12,000
Buildings
70,000
Cash
8,000
Accounts Receivable
7,000
Sales Tax Payable
5,000
Retained Earnings
47,000
Supplies
2,000
Notes Payable (due in 18 months)
35,000
Interest Payable
3,000
Common Stock
45,000
What is the amount of current assets, assuming the accounts above reflect normal activity?
Accounts Payable | $12,000 |
Buildings | 70,000 |
Cash | 8,000 |
Accounts Receivable | 7,000 |
Sales Tax Payable | 5,000 |
Retained Earnings | 47,000 |
Supplies | 2,000 |
Notes Payable (due in 18 months) | 35,000 |
Interest Payable | 3,000 |
Common Stock | 45,000 |
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