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58. Electrelane Company showed the following balances at the end of its first year:How much...

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Accounting

58. Electrelane Company showed the following balances at the end of its first year:How much are the company's total current assets ?a) $8,500b) $7,500c) $5,000d) $23,500ction- SCash$ 2,000Prepaid insurance3,500Accounts payable2,500Accounts receivable2,000Notes payable3,000Furniture1,000Dividends500Accrued liabilities16,000Expenses12,500

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