Assignment Problem: On December 31, Moore Company has the following list of account balances.
Accounts Payable $28,600
Service Revenue $55,500
Accounts Receivable 34,200
Legal Expense 1,700
Accumulated Depreciation, Equipment 11,000
Note Payable, due in two years 11,000
Accumulated Depreciation, Buildings 62,700
Prepaid Rent 19,800
Advertising Expense 10,000
Rent Expense 2,800
Beginning Capital 95,000
Salaries Expense 3,700
Buildings 86,000
Salaries Payable 14,500
Cash 38,400
Supplies 15,000
Drawing 17,900
Supplies Expense 8,800
Equipment 40,000
Required: Compute the dollar amount of the total current assets as it would appear on the December 31 balance sheet.
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