E9-2

BooBoo's Home Health Care has the following adjusted account balances at April 30, 2020. All accounts have normal balances. Prepare the current asset section of BooBoo's balance sheet.

Account Title Balance

Accounts Receivable $51,000

Accumilated 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 expenses $2,100

**Reporting receivables on the balance sheet

Current assets, $313,050