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Current Assets Listed here are certain accounts of Jenkins Company at the end of 2016: Account Debit (Credit) Land $ 12,000 Prepaid Insurance 1,530 Cash
Current Assets
Listed here are certain accounts of Jenkins Company at the end of 2016:
Account | Debit (Credit) |
Land | $ 12,000 |
Prepaid Insurance | 1,530 |
Cash on Hand | 1,120 |
Notes Receivable (due 2016) | 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 | 15,600 |
Office Supplies | 970 |
Buildings | 27,200 |
Inventory | 19,700 |
Required:
Prepare the current asset section of Jenkins' balance sheet at the end of 2016.
JENKINS COMPANY | ||
Current Asset Section of Balance Sheet | ||
December 31, 2016 | ||
Current Assets | ||
Cash: | ||
$ | ||
$ | ||
$ | ||
Prepaid items: | ||
$ | ||
$ |
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