Question
BooBoos Home Health Care has the following adjusted account balances at April 30, 2020. All accounts have normal balances. Prepare the current asset section of
BooBoos Home Health Care has the following adjusted account balances at April 30, 2020. All accounts have normal balances. Prepare the current asset section of BooBoos balance sheet.
| Account Title | Balance |
| Accounts receivable | $51,000 |
| Accumulated amortization - furniture | 8,500 |
| Allowance for doubtful accounts | 2,500 |
| Bad debt expense | 4,100 |
| Cash | 98,700 |
| Furniture | 22,000 |
| Inventory | 122,750 |
| Notes receivable, due July 1, 2020 | 41,000 |
| Notes receivable, due November 1, 2023 | 68,000 |
| Prepaid expense | 2,100 |
1 Reporting receivables on the balance sheet Current assets, $313,050
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
