Answered: What is the amount of current assets,…

What is the amount of current assets, assuming the accounts Accounts Payable $12,000 Buildings 70,000 Cash 8,000 Accounts Receivable 7,000 Sales Tax Payable 5,000 Retained Earnings 47,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Answer soon with in a hour for upvotes?

What is the amount of current assets, assuming the accounts
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
35,000
months)
Interest Payable
3,000
Common Stock
45,000

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