For the remaining questions, consider the following transactions that happened upon the incorporation of Berry Company by its owner,

For the remaining questions, consider the following transactions that happened upon the incorporation of Berry Company by its owner, John Berry, during the first week of January:

· It received €50,000 in cash from John Berry as capital.
· It borrowed €30,000 from a local bank.
· It purchased €15,000 of equipment for cash.
· It purchased €20,000 of inventory on account.
· It pre-paid €3,000 for the office rent and €2,000 for the insurance.
What is the total current assets at the end of the week?


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