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1. The following balances are found in Max Company's General Ledger at the end of 2018: Prepaid Insurance $12,000 Cash and Cash equivalents on hand
1. The following balances are found in Max Company's General Ledger at the end of 2018: Prepaid Insurance $12,000 Cash and Cash equivalents on hand 22,000 Notes Receivable due in 6 months in 2018 1,120 Cash in the bank 5,400 Accounts receivable 15,600 Allowance for uncollectible (2,500) Buildings 27,200 Accumulated depreciation building (8,700) Inventory 19,700 Office Supplies 1,700 Land held for sale within 1 year 15,000 Required: Prepare a Current Assets Section of the Balance Sheet of Max Company as of December 31, 2018
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