Kramer and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation,$23,000;Accounts Payable,$8,500,Accounts Receivable,$12,000;Cash,$3,500;Equipment,$44,000,Land,$21,000,Mortgage Payable,$45,000;Prepaid Insurance,$7,500;Supplies,$2,000;Unearned Revenue,$6,000;Wages payable,$4,500.Kramer and Associates' current assets are:

Question

Quizplus · Accepted Answer

Current assets include Cash ($3,500), Accounts Receivable ($12,000), Prepaid Insurance ($7,500), and Supplies ($2,000), totaling $25,000.

Kramer and Associates Has the Following Account Balances Listed in Alphabetical