The balances of select accounts of Sandra, Inc as of Decemb

The balances of select accounts of Sandra, Inc

as of December 31, 2016 are given below:

Debit Credit
Building $140,000
Cash 8,000
Office Supplies 1,100
Furniture 5,000
Prepaid Insurance 450
Accumulated Depreciation—Furniture $3,000
Land 32,000
Accumulated Depreciation—Building 4,700
Accounts Receivable 2,300

The insurance has been prepaid until June 30, 2017. Determine the amount of total current assets reported on the balance sheet.
A) $15,300
B) $9,100
C) $11,850
D) $9,550

ANSWER

C .Cash $8,000
Office Supplies 1,100
Prepaid Insurance 450
Accounts Receivable 2,300
Total current assets $11,850