T-account: Partial list of account balances at the end of the year:
$\begin{array}{lr}
\text { Cash } & \$ 28,000 \
\text { Accounts Receivable } & \text { Unknown } \
\text { Equipment } & 35,600 \
\text { Accounts Payable } & 5,900
\end{array}$ The amount of total current assets that will be reported on the company's balance sheet at the end of the year is:
A)$362,600.
B)$368,500.
C)$139,500.
D)$327,000.

Question

T-account:  Partial list of account balances at the end of the year:
$\begin{array}{lr}
\text { Cash } & \$ 28,000 \
\text { Accounts Receivable } & \text { Unknown } \
\text { Equipment } & 35,600 \
\text { Accounts Payable } & 5,900
\end{array}$ The amount of total current assets that will be reported on the company's balance sheet at the end of the year is:
A)$362,600. 
B)$368,500. 
C)$139,500. 
D)$327,000.

Quizplus · Accepted Answer

The Answer of T-account:  Partial list of account balances at the end of the year:
$\begin{array}{lr}
\text { Cash } & \$ 28,000 \
\text { Accounts Receivable } & \text { Unknown } \
\text { Equipment } & 35,600 \
\text { Accounts Payable } & 5,900
\end{array}$ The amount of total current assets that will be reported on the company's balance sheet at the end of the year is:
A)$362,600. 
B)$368,500. 
C)$139,500. 
D)$327,000.

T-Account: Partial List of Account Balances at the End