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From the following alphabetical list of adjusted account balances, prepare the current assets section of Versi-Vista Berries' September 30, 2020, balance sheet. Use a multi-column
From the following alphabetical list of adjusted account balances, prepare the current assets section of Versi-Vista Berries' September 30, 2020, balance sheet. Use a multi-column format, as shown inExhibit9-1.
Account Title Debit Credit
Accounts Receivable 75,000
Allowance for doubtful accounts 2,800
Bad debt expense 500
Cash 112,000
Farm equipment 122,000
Office supplies 1,200
Prepaid rent 650
Reporting receivables on the balance sheet
Current assets, $186,050
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