I will appreciare if anyone can explain me the procediment to find current asset

Question

I will appreciare if anyone can explain me the procediment to find current assets

Use the adjusted trial balance for Stockton Company below to answer the questions that follow.

Determine the current assets.

a.$9,330 ANSWER

b.$8,630

c.$21,930

Stockton Company Adjusted Trial Balance December 31 Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses    700 Equipment 13,700 Accumulated Depreciation 1,100 Accounts Payable 1,900 Notes Payable   4,300 Common Stock 1,000 Retained Earnings 12,940 Dividends 790 Fees Earned 9,250 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense       185       Totals 30,490 30,490

Explanation / Answer

Dear Student Current Assets are $10,330 not 9,330 Statement showing computation of Current Assets Particulars Amount Cash        7,530.00 Accounts receivable        2,100.00 Prepaid Expenses            700.00 Current Assets      10,330.00

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