Kramer and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation, $24,000; Accounts Payable, $9,500, Accounts Receivable, $11,000; Cash, $4,000; Equipment, $47,000, Land, $23,000, Mortgage Payable, $46,000; Prepaid Insurance, $7,500; Supplies, $1,000; Unearned Revenue, $5,000; Wages payable, $2,000. Kramer and Associates' current liabilities are:

Question

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Current liabilities include Accounts Payable ($9,500), Unearned Revenue ($5,000), and Wages Payable ($2,000), totaling $16,500.

Kramer and Associates Has the Following Account Balances Listed in Alphabetical