Question

Leskwat Stores has provided you the following list of accounts: Debit Credit Accounts receivable 672 Building...

Leskwat Stores has provided you the following list of accounts:

Debit Credit
Accounts receivable 672
Building and equipment 936
Cash 49
Interest receivable 46
Inventory 20
Land 162
Notes receivable (due in 2 years) 477
Prepaid rent 33
Supplies 10
Trademark 52
Accounts payable 709
Accumulated depreciation 62
Interest payable 470
Dividends payable 20
Common stock 17
Income tax payable 54
Notes payable (due in 6 months) 804
Retained earnings 292
Deferred revenue 29
TOTALS 2,457 2,457


Assume that interest is due every year (for both the note payable and the note receivable). What amount would Leskwat report as total current assets?

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