buildings 80,000\ncash 11,300\naccounts receivable 10,300\nsalaries payable 5,300\nretained earnings…

buildings 80,000\ncash 11,300\naccounts receivable 10,300\nsalaries payable 5,300\nretained earnings 50,700\nsupplies 40,000\nnotes payable (due in 18 months) 35,800\ninterest payable 3,800\ncommon stock 35,800\nwhat is the amount of current assets, assuming the accounts above reflect normal activity?\nmultiple choice\n$143,200\n$21,600\n$62,400\n$179,000

buildings 80,000\ncash 11,300\naccounts receivable 10,300\nsalaries payable 5,300\nretained earnings 50,700\nsupplies 40,000\nnotes payable (due in 18 months) 35,800\ninterest payable 3,800\ncommon stock 35,800\nwhat is the amount of current assets, assuming the accounts above reflect normal activity?\nmultiple choice\n$143,200\n$21,600\n$62,400\n$179,000

Answer

Explanation:

Step1: Identify current - asset accounts

Current assets include cash, accounts receivable, and supplies.

Step2: Calculate sum of current assets

$11300 + 10300+40000$ $=11300+50300$ $=62400$

Answer:

$62400$