What is the total current assets at december

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Jenna Company's December 31, 2016 statement of financial position reported the following current assets: Cash (net of an overdraft of P500,000 in another bank) 3,500,000 Accounts receivable 7,500,000 Inventory 3,000,000 Prepaid expenses 1,200,000 Deferred tax asset 500,000 Land classified as "held for sale" 2,000,000 18,200,000 An analysis of the accounts receivable disclosed that accounts receivable comprised the following: Trade accounts receivable (net of a P300,000 credit balance in a customer's account) 5,000,000 Allowance for doubtful accounts (500,000) Selling price of Jenna Company's unsold goods sent to Baguio Company on consignment at 150% of cost and excluded from Jenna's ending inventory 3,000,000 7,500,000. Get the instant assignment help. What is the total current assets at December 31, 2016?

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