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A SU Quiz-1 (Audit 1) Q- Search Sheet Home Insert Draw Page Layout Formulas Data Review View + Share A Cut Arial - 11 A

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A SU Quiz-1 (Audit 1) Q- Search Sheet Home Insert Draw Page Layout Formulas Data Review View + Share A Cut Arial - 11 A A . Et Wrap Text General AutoSum ru A9 Q Pasta Copy Format B I U 4. A % Merge Center 2 0 30 00 Insert Dalete Format Conditional Format Formatting as Table Styles Clear Sort & Filter Find & Select C11 X fx c. A B C D E F G H 1 J K L M N Problem 2 The accounts below were taken from the unadjusted trial balance of Kasie Company as at December 31, 2019: $ 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 Cash, net of bank overdraft of $150,000 Notes receivable (including discounted note of $100,000) Trade accounts receivable, net of customers' credit balances of $50,000 Merchandise inventory Trade accounts payable, net o creditors' debit balances of $100,000 600.000 500.000 700.000 800.000 800.000 Required: What is the correct amount of current assets on December 31, 2019? A Sheet1 Sheet2 Sheet3 + ET 200%

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