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What amount should Sean report as total current assets

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Reference no: EM132534314

Question - Sean's trial balance has the following selected items:

Cash (includes $10,000 in a bond sinking fund for long-term bond payables) $50,000

Accounts receivable 20,000

Allowance for doubtful accounts 5,000

Deposits received from customers 3,000

Merchandise inventory 7,000

Unearned rent 1,000

Investment in Trading Securities 2,000

Required - What amount should Sean report as total current assets in its balance sheet?

Reference no: EM132534314

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