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3. Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2010: Cash $7,000; Land $40,000; Patents $12,500; Accounts Receivable $90,000; Prepaid

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3. Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2010: Cash $7,000; Land $40,000; Patents $12,500; Accounts Receivable $90,000; Prepaid Insurance $5,200; Inventory $30,000; Allowance for Doubtful Accounts $4,000; Trading Securities $11,000. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence

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