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Balance Sheet - Current Assets (Please Hep)?
Cash - 61488
A/R - 23267
Merchandise Inventory - 564
Prepaid Insurance - 1175
Prepaid Rent - 895
Computer supplies - 2055
Total Current Assets: 89444
That is my answer and it is showing incorrect! What am I doing wrong? Thanks!
1 Answer
- Anonymous10 years agoFavorite Answer
Im no accountant but if thats not the correct answer the only possible issue could be A/R
Accounts receivable may not be calculated into Total Current Assets due to the possibility of non payment on those accounts.