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CALCULATOR PRINTER VERSION & BACK Brief Exercise 5-2 Larkspur Corporation's adjusted trial balance contained the following asset accounts at December 31, 2017: Cash $8,410, Land
CALCULATOR PRINTER VERSION & BACK Brief Exercise 5-2 Larkspur Corporation's adjusted trial balance contained the following asset accounts at December 31, 2017: Cash $8,410, Land $49,100, Patents $16,300, Accounts Receivable $92,050, Prepaid Insurance $6,090, Inventory $35,100, Allowance for Doubtful Accounts $4,880, and Equity Investments to be sold in the next quarter) $14,620 Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) LARKSPUR CORPORATION Balance Sheet (Partial) 11:46 AM Brief Exercise 5-3 Included in Grouper Company's December 31, 2017, trial balance are the following accounts: Prepaid Rent $5,810, Debt Investments to be held to maturity until 2020) earned Fees $18,800, Land (held for investment) $48,600, and Notes Receivable (long-term) $58,400. Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive information provided in the question.) GROUPER COMPANY Balance Sheet (Partial) udy Click if you would like to Show Work for this question: Open Show Work
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