TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at
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TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at October 31, 2017 (assume normal balances):
Prepare the asset section of the classified balance sheet at October 31, 2017.
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Accounts receivable.... Accumulated depreciation, equipment Accumulated amortization, patent Accumulated depreciation, vehicles Allowance for doubtful accounts Cash ...... Equipment Land...... Patent Vehicles. ....... ****** $16,400 3,800 3,100 13,800 800 9,000 25,000 48,000 20,100 62,000
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Assets Current assets Cash Accounts receivable Less Allowance for doubtful accounts Total curre...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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