Answer:
$60,000
Explanation:
Given that,
Accounts payable = $15,000
Buildings = 80,000
Cash = 10,500
Accounts receivable = 9,500
Salaries payable = 4,500
Retained earnings = 47,500
Supplies = 40,000
Notes payable (due in 18 months) = 35,000
Interest payable = 3,000
Common stock = 35,000
Amount of current assets:
= Cash + Accounts receivable + Supplies
= $10,500 + $9,500 + $40,000
= $60,000
Therefore, the amount of current assets is $60,000.