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Find the amount that should be reported as current assets

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Question - The accounts and balances shown below were gathered from Paynter Corporation's trial balance on December 31, 2004. All adjusting entries have been made.

Wages Payable $25,600

Cash 17,700

Mortgage Payable 151,600

Dividends Payable 14,000

Prepaid Rent 13,600

Inventory 81,800

Sinking Fund Assets 52,400

Short-Term Investments 15,200

Premium on Bonds Payable 4,600

Stock Investment in Subsidiary 102,400

Taxes Payable 22,800

Accounts Payable 24,800

Accounts Receivable 36,600

Required - Find the amount that should be reported as current assets on Paynter Corporation's balance sheet?

Reference no: EM132791586

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