What is the amount of current assets, assuming the acce Accounts Payable $12,000 Buildings 70.000 Cash 8,000 Accounts Recolvable 7,000 Seles Tex Payable 5,000 Retained Earnings 47,000 Supplies 2,000 Notes Payable (due in 18 months) Interest Paynble 35,000 3,000 Common Stock 45,000
What is the amount of current assets, assuming the acce Accounts Payable $12,000 Buildings 70.000 Cash 8,000 Accounts Recolvable 7,000 Seles Tex Payable 5,000 Retained Earnings 47,000 Supplies 2,000 Notes Payable (due in 18 months) Interest Paynble 35,000 3,000 Common Stock 45,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![What is the amount of current assets, assuming the accounts
Accounts Payable
$12,000
Buildings
70,000
Cash
8,000
Accounts Recelvable
7,000
Seles Tex Payable
5,000
Retained Earnings
47,000
Supplies
2,000
Notes Payable (due in 18
months)
Interest Payable
35,000
3,000
Common Stock
45,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe671db4-253c-4828-85e8-050012df49a7%2Fe5119725-cf73-4100-89bc-b3ea5b5ffe01%2Fvdg0tlh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the amount of current assets, assuming the accounts
Accounts Payable
$12,000
Buildings
70,000
Cash
8,000
Accounts Recelvable
7,000
Seles Tex Payable
5,000
Retained Earnings
47,000
Supplies
2,000
Notes Payable (due in 18
months)
Interest Payable
35,000
3,000
Common Stock
45,000
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