Table 4-2
the Ledger Accounts for Alice's Rentals Include the Following

question 79

Multiple Choice

Table 4-2
The ledger accounts for Alice's Rentals include the following normal balances as of December 31, 2019: $$\begin{array} { | r | r | } \hline \text { Accumulated amortization } & \$ 2,000 \\\hline \text { Cash } & 7,300 \\\hline \text { Equipment } & 15,000 \\\hline \text { Alice Normanson, Capital } & 9,300 \\\hline \text { Alice Normanson, Withdrawals } & 2,200 \\\hline \text { Prepaid rent } & 3,600 \\\hline \text { Accountspayable } & 7,800 \\\hline \text { Supplies } & 1,200 \\\hline \text { Unearned revenue } & 1,600 \\\hline \text { Notes payable (due Dec. } 31,2023 ) & 7,500 \\\hline\end{array}$$
-Referring to Table 4-2, what are the total current assets and total assets for Alice's Rentals?

• A)$12,100 and $25,100
• B)$8,500 and $27,100
• C)$8,500 and $21,500
• D)$12,100 and $27,100

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Definitions:

Echinoderms

A phylum of marine animals known for their radial symmetry and include species such as starfish, sea urchins, and sea cucumbers.

Hermaphrodite

Animal that has both male and female gonads, either simultaneously or at different times in its life cycle.

Parthenogenetic

Relating to a form of reproduction in which an embryo is created without fertilization by a male, occurring in some plants, invertebrates, and rarely vertebrates.

Sperm

The male gamete or reproductive cell involved in sexual reproduction.