1. Husain Corporation has the following account it trial balance at the end of year: Accounting Receivables $ 230,000, Inventories $ 342,000, Allowances for doubtful debts $ 11,000, Long -term notes payable $ 56,000, Prepaid Rent $ 13,000, Unearned fee $ 5,000, Cash $ 46,000, Trading Securities $ 32,000. Prepare current assets section of the balance sheet. 2. Rasheed Company uses net method to record the sales made on credit. On June 30, 2019, it made sales of $25,000 with term 3/15, n/45. Prepare the required journal entries, if: On July 22 Rasheed company received full payment.