Kramer and Associates Has the Following Account Balances Listed in Alphabetical

question 42

Multiple Choice

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 liabilities are:

• A)$19,000.
• B)$58,000.
• C)$13,000.
• D)$64,000.

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