What is the amount of current assets, assuming the accounts Accounts Payable $12,000 Buildings 70,000 Cash 8,000 Accounts Receivable 7,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 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
Transcribed Image Text: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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