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Current Assets Listed here are certain accounts of Jenkins Company at the end of 2019: Account Debit (Credit) Land $12,000 Prepaid Insurance 1,630 Cash on
Current Assets
Listed here are certain accounts of Jenkins Company at the end of 2019:
Account | Debit (Credit) |
Land | $12,000 |
Prepaid Insurance | 1,630 |
Cash on Hand | 1,200 |
Notes Receivable (due 2019) | 4,300 |
Cash in Bank | 5,400 |
Allowance for Doubtful Accounts | (1,100) |
Marketable Securities (Short-Term) | 3,380 |
Accumulated Depreciation | (8,700) |
Accounts Receivable | 15,500 |
Office Supplies | 970 |
Buildings | 27,200 |
Inventory | 20,000 |
Required:
Prepare the current assets section of Jenkins's balance sheet at the end of 2019.
JENKINS COMPANY | ||
Current Asset Section of Balance Sheet | ||
December 31, 2019 | ||
Current Assets | ||
Cash: | ||
On hand | $fill in the blank 2 | |
In bank | fill in the blank 4 | $fill in the blank 5 |
Marketable securities (short-term) | fill in the blank 7 | |
Accounts receivable | $fill in the blank 9 | |
Less: Allowance for doubtful accounts | fill in the blank 11 | fill in the blank 12 |
Inventory | fill in the blank 14 | |
Prepaid items: | ||
Prepaid insurance | $fill in the blank 16 | |
Office supplies | fill in the blank 18 | fill in the blank 19 |
Total current assets | $fill in the blank 21 |
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