The Balances of Select Accounts of Sandra Company as of December

question 182

Multiple Choice

The balances of select accounts of Sandra Company as of December 31,2018 are given below: $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } & \text { Credit } \\\hline \text { Building } & \$ 140,000 & \\\hline \text { Cash } & 9,000 & \\\hline \text { Office Supplies } & 1,200 & \\\hline \text { Furniture } & 6,000 & \\\hline \text { Prepaid Insurance } & 550 & \\\hline \text { Accumulated Depreciation-Furniture } & & \$ 4,000 \\\hline \text { Land } & 31,000 & \\\hline \text { Accumulated Depreciation-Building } & & 4,000 \\\hline \text { Accounts Receivable } & 2,200 & \\\hline\end{array}$$ The insurance has been prepaid until June 30,2019.Determine the amount of total current assets reported on the balance sheet at December 31,2018.

• A) $17,200
• B) $10,200
• C) $12,950
• D) $10,750

---

Definitions:

Ego

In psychoanalytic theory, the part of the mind that mediates between conscious and unconscious processes, often associated with a sense of self and reality testing.

Libido

The psychological and emotional energy associated with instinctual biological drives, especially related to sexuality.

Complexes

A core pattern of emotions, memories, perceptions, and wishes in the personal unconscious organized around a common theme, such as power or status.

Conscious Control

The deliberate use of one's attention and decision-making to regulate thoughts, feelings, and actions.