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5 ABC's trial balance reflected the following account balances at December 31, 2020 Accounts receivables $24,000 Trading securities 6,320 Accumulated depreciation equipment 16,000 Cash -
5 ABC's trial balance reflected the following account balances at December 31, 2020 Accounts receivables $24,000 Trading securities 6,320 Accumulated depreciation equipment 16,000 Cash - Current account 21,000 Bank deposit - nine months 3,000 Allowance for doubtful debt 4,500 Inventory 30,000 Equipment 25,000 Lower of cost or NRV 3,000 Patent 4,020 Prepaid expenses 6,730 Land held for future business site 23,000 Prepare the asset section of the statement of financial position: (Non-anonymous question o) (10.5 Points)
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