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The insurance has been prepaid for the next half year. What are the total current assets that would be shown on the balance sheet?

05 / 03 / 2018 Assignment

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The
balances of select accounts of Sandra Company as at December 31, 2015 are given
below:


Debit

Credit

Building

$120,000


Cash

5,000


Office
Supplies

700


Furniture

3,000


Prepaid
Insurance

450


Accumulated
Depreciation—Furniture


$1,000

Land

35,000


Accumulated
Depreciation—Building


4,800

Accounts
Receivable

2,500


The
insurance has been prepaid for the next half year. What are the total current
assets that would be shown on the balance sheet?


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International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

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