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The balances of select accounts of Sandra Company as of December 31, 2016 are given below:

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The balances of select accounts of Sandra Company as of December 31, 2016 are given below:

The balances of select accounts of Sandra Company as of December 31, 2016 are given below:

DebitCredit
Building$140,000
Cash5,000
Office Supplies700
Furniture5,000
Prepaid Insurance600
Accumulated DepreciationFurniture$2,000
Land31,000
Accumulated DepreciationBuilding4,500
Accounts Receivable2,300

The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet.
A) $12,300
B) $5,700
C) $8,600
D) $6,300

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 47 times

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More solutions for this book are available here

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fomor Author

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found this very helpful thank you

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