Use the information in the adjusted trial balance presented below to calculate current assets for Wicked Wicker Company: Account TitleDr. Cr.Cash$26,000? Accounts receivable 17,000? Prepaid insurance 7000? Equipment 110,000? Accumulated depreciation-Equipment $55,000? Land 96,000? Accounts payable 18,000? Interest payable 2650? Unearned revenue 5300? Long-term notes payable 33,000? Retained earnings 142,050? Totals$256,000??$256,000?
A. $96,000.
B. $50,000.
C. $41,200.
D. $18,000.
E. $256,000.
Answer: B
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