Table 4-2
the Ledger Accounts for Alice's Rentals Include the Following

Table 4-2
The ledger accounts for Alice's Rentals include the following normal balances as of December 31, 2019: $$\begin{array} { | r | r | } \hline \text { Accumulated amortization } & \$ 2,000 \\\hline \text { Cash } & 7,300 \\\hline \text { Equipment } & 15,000 \\\hline \text { Alice Normanson, Capital } & 9,300 \\\hline \text { Alice Normanson, Withdrawals } & 2,200 \\\hline \text { Prepaid rent } & 3,600 \\\hline \text { Accountspayable } & 7,800 \\\hline \text { Supplies } & 1,200 \\\hline \text { Unearned revenue } & 1,600 \\\hline \text { Notes payable (due Dec. } 31,2023 ) & 7,500 \\\hline\end{array}$$
-Referring to Table 4-2, what are the total current assets and total assets for Alice's Rentals?

A) $12,100 and $25,100
B) $8,500 and $27,100
C) $8,500 and $21,500
D) $12,100 and $27,100

Correct Answer:

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