Homework answers / question archive / The following financial information is from Shovels Construction Company:   Accounts payable $ 14,700   Buildings   89,000   Cash   12,100   Accounts receivable   10,700   Sales tax payable   4,500   Retained earnings   46,300   Supplies   41,300   Notes payable (due in 18 months)   26,000   Interest payable   2,300   Common stock   59,300   What is the amount of current assets, assuming the accounts above reflect normal activity?

The following financial information is from Shovels Construction Company:   Accounts payable $ 14,700   Buildings   89,000   Cash   12,100   Accounts receivable   10,700   Sales tax payable   4,500   Retained earnings   46,300   Supplies   41,300   Notes payable (due in 18 months)   26,000   Interest payable   2,300   Common stock   59,300   What is the amount of current assets, assuming the accounts above reflect normal activity?

Accounting

Share With

The following financial information is from Shovels Construction Company:

  Accounts payable $ 14,700  

Buildings   89,000  

Cash   12,100  

Accounts receivable   10,700  

Sales tax payable   4,500  

Retained earnings   46,300  

Supplies   41,300  

Notes payable (due in 18 months)   26,000  

Interest payable   2,300  

Common stock   59,300  

What is the amount of current assets, assuming the accounts above reflect normal activity?