Balance sheet presentation of cash (Learning Objective 2) 5–10 min.

Prepare the current assets section of the balance sheet as of May 31, 2014, for Spices and More, Inc., using the following information:

$54,200 300 21,400 85,800 Accounts Receivable ..............................................................................................

Petty Cash..............................................................................................................

Cash in Bank Accounts ..........................................................................................

Inventory................................................................................................................

AppendixLO1