Question: Using the data below, compute TOTAL CURRENT ASSETS . Cash 100 Wages Payable 160 Accounts Receivable 500 Accounts Payable 600 Land 800 Paid-in Capital 1,000

Using the data below, compute TOTAL CURRENT ASSETS.

Cash 100

Wages Payable 160

Accounts Receivable 500

Accounts Payable 600

Land 800

Paid-in Capital 1,000

Retained Earnings 1,640

Inventory 1,800

Bank Loan Payable (due in 2 years) 2,200

Equipment 2,400

$2,240

$2,400

$4,040

$3,400

$1,900

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