Compute the dollar amount of the total current assets

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Problem - On December 31, Moore Company has the following list of account balances.

Accounts Payable $28,600

Service Revenue $55,500

Accounts Receivable 34,200

Legal Expense 1,700

Accumulated Depreciation, Equipment 11,000

Note Payable, due in two years 11,000

Accumulated Depreciation, Buildings 62,700

Prepaid Rent 19,800

Advertising Expense 10,000

Rent Expense 2,800

Beginning Capital 95,000

Salaries Expense 3,700

Buildings 86,000

Salaries Payable 14,500

Cash 38,400

Supplies 15,000

Drawing 17,900

Supplies Expense 8,800

Equipment 40,000

Required - Compute the dollar amount of the total current assets as it would appear on the December 31 balance sheet.

Reference no: EM132472199

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