Question
Blue Corporations adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $9,780, Land $45,600, Patents $12,700, Accounts Receivable $93,280, Prepaid Insurance
Blue Corporations adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $9,780, Land $45,600, Patents $12,700, Accounts Receivable $93,280, Prepaid Insurance $5,800, Inventory $35,000, Allowance for Doubtful Accounts $4,640, and Equity Investments (to be sold in the next quarter) $12,010.
Prepare the current assets section of the balance sheet.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
