The balances of select accounts of Sandra, Inc
as of December 31, 2016 are given below:
Debit Credit
Building $140,000
Cash 8,000
Office Supplies 1,100
Furniture 5,000
Prepaid Insurance 450
Accumulated Depreciation-Furniture $3,000
Land 32,000
Accumulated Depreciation-Building 4,700
Accounts Receivable 2,300
The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet.
A) $15,300
B) $9,100
C) $11,850
D) $9,550
C .Cash $8,000
Office Supplies 1,100
Prepaid Insurance 450
Accounts Receivable 2,300
Total current assets $11,850
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