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What are the Total Current Assets on the Balance Sheet

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Question - On June 12, Carpenter Printing printed $19,432 in magazines for the Pierre Company. The magazines were delivered on June 15, along with an invoice for $6,041 due July 15. Per the contract negotiated by the Pierre Company with Carpenter Printing, $4,774 will be invoiced in July and will be due August 15; the remainder will be invoiced in August and will be due September 15. On June 18, Cecil Advertising Agency signed a contract with Carpenter Printing to print advertisements, paying $25,511 in advance. $10,464 in advertisements are contracted to be printed in June and $26,376in advertisements are contracted to be printed in July. On June 30, $12,740of advertisements were printed and delivered to Cecil Advertising. On June 30, $2,521 of the $15,669 in supplies remaining on May 31 have not been used.

Based on these transactions alone, what are the Total Current Assets on the Balance Sheet on June 30?

Reference no: EM132605918

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