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A list of financial statement items for Cullumber Company includes the following: accounts receivable $31,500; prepaid insurance $5,850; cash $23,400; supplies $8,550; and debt investments
A list of financial statement items for Cullumber Company includes the following: accounts receivable $31,500; prepaid insurance $5,850; cash $23,400; supplies $8,550; and debt investments (short-term) $18,450. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.)
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