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25 Desert Company reported the following balances for its accounts at the end of the 1st quarter: Cash 100,140 Available for Sale Securities 55,119 Accounts
25 Desert Company reported the following balances for its accounts at the end of the 1st quarter: Cash 100,140 Available for Sale Securities 55,119 Accounts Receivable (net) 64,312 Inventory 145,381 Land 125,920 Buildings (net) 351,257 Bonds Payable 76,781 Deferred Tax Liability 5,709 Unearned Revenue 22,968 Salaries Payable 27,581 Interest Revenue 2,455 Common Stock Retained Earnings 491,460 537,738 Desert also reports the following information: Bad Debt expense has been recorded for the quarter The Available for Sale Securities will be held for a minimum of 2 years The unearned revenue is expected to be earned within the next year All interest is due at December 31st All bonds are due in 5 years What does Desert report for Current Assets
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