GB 518 Course Great Wisdom / tutorialrank.com GB 518 Course Great Wisdom / tutorialrank.com | Page 14

Book Value

Question 22. Question :
Based on the following information,
determine the current assets, assuming all accounts have a normal
balance?
Cash $ 6,754

Dividends

Accounts receivable $ 13,733
13,718

$ 2,000
Consulting fees earned

Office supplies

$ 2,625

Land $ 37,153

Salaries expense

Office equipment

$ 14,535

Telephone expense

Accounts payable
280

$ 6,463

Miscellaneous expense

Common stock

$ 54,