Reference no: EM133180470

Question - Gold Corp.'s trial balance included the following at June 30, Year 2:

Cash overdraft $(10,000)

Accounts receivable, net 35,000

Inventory 58,000

Prepaid expenses 12,000

Property, plant, and equipment, net 95,000

Unearned rent 83,000

Checks amounting to $30,000 were written to vendors and recorded on June 29, Year 2, resulting in a cash overdraft of $10,000. The checks were mailed on July 9, Year 2. Gold issued its financial statements on July 31, Year 2.

Required - What amount should be included in the current asset section of Gold's June 30, Year 2 balance sheet?

A. $83,000

B. $125,000

C. $135,000

D. $208,000