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During its first year of operations, Tamarisk, Inc. had credit sales of $3,808,000, of which $366,200 remained uncollected at year-end. The credit manager estimates that
During its first year of operations, Tamarisk, Inc. had credit sales of $3,808,000, of which $366,200 remained uncollected at year-end. The credit manager estimates that $18,000 of these receivables will become uncollectible. Prepare the current assets section of the balance sheet for Tamarisk, Inc., assuming that in addition to the receivables it has cash of $97.900. merchandise inventorv of $167.200. and sunnlies of $14.100. (I ist Current Assets in order of liauiditv)
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