What is the total current assets of afif - associates

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Reference no: EM133124477

Question - An adjusted trial balance of Afif & Associates (a legal firm) on 31 October 2021 is as follows:

Accounts

Debit (RM)

Credit (RM)

Cash

19,500


Notes Receivable, Short-term

61,000


Rent Receivable

1,500


Office Supplies

13,750


Prepaid Insurance

2,750


Office Equipment

15,000


Accumulated Depreciation - Office Equipment


12,500

Accounts Payable


15,750

Wages Payable


2,250

Unearned Revenue


15,000

Notes Payable, Long-term


25,000

Capital


80,000

Drawings

27,500


Service Revenue


40,250

Rent Revenue


5,500

Wages Expense

38,250


Insurance Expense

6,250


Office Supplies Expense

3,750


Depreciation Expense

2,500


Miscellaneous Expense

4,500



196,250

196,250

Required - What is the total current assets of Afif & Associates as at 31 October 2021?

A. RM98,500

B. RM2,500

C. RM101,000

D. RM33,000

Reference no: EM133124477

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