Below Is a List of Various Balance Sheet Accounts and Their

question 67

Multiple Choice

Below is a list of various balance sheet accounts and their balances. $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } & \text { Credit } \\\hline \text { Building } & \$ 100,000 & \\\hline \text { Cash } & 2,000 & \\\hline \text { Supplies } & 800 & \\\hline \text { Furniture } & 2,600 & \\\hline \text { Prepaid insurance } & 150 & \\\hline \text { Accumulated depreciation-furniture } & & \$ 900 \\\hline \text { Inventory } && \\\hline \text { Land } & 25,000 & \\ \hline \text { Accumulated depreciation-building } & & 4,800 \\\hline \text { Accounts receivable } &1,500 & \\\hline\end{array}$$ What are the total current assets that would be shown on the balance sheet?

• A) $7,050
• B) $32,050
• C) $4,450
• D) $4,300

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Definitions:

Heart and Lung Functioning

Refers to the combined activities of the heart and lungs that facilitate the circulation and oxygenation of blood throughout the body.

Swimming

The act of moving through water by using the arms, legs, and body in motions such as strokes and kicks.

Biological Need

Fundamental requirements for human survival and well-being, such as food, water, shelter, and sleep.

Conformity Springs

Likely not a recognized term; NO.