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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?
