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I need help with this accounting question please Current Attempt in Progress Early in January 2026, Sunland Company is preparing for a meeting with its
I need help with this accounting question please
Current Attempt in Progress Early in January 2026, Sunland Company is preparing for a meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2025. Except for the following items, Sunland has recorded all adjustments in its accounts. 1. Cash includes $550 petty cash and $15,600 in a bond sinking fund. 2. Net accounts receivable is comprised of $53,260 in accounts receivable and $14,630 in allowance for doubtful accounts. 3. Equipment had a cost of $118,730 and accumulated depreciation of $30,500. 4. On January 8, 2026, one of Sunland' customers declared bankruptcy. At December 31, 2025, this customer owed Sunland $9,820. (a) Prepare a December 31,2025, balance sheet for Sunland Company. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) SUNLANDCOMPANY Balance Sheet December 31, 2025 Assets Current Assets Cash $ Accounts Recelvable $ Less Allowance for Doubtful Accounts Inventorles Total Current Assets Long-term Irvestments Bond Slnking Fund Property, Plant, and Equlpment Equlpment Add : Accumulated Depreclation-Equlpment Intanglble Assets Patents Total Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current Llabillitles Notes Payable $ $ Total Stockholders' Equlty Total Llabillties and Stockholders' Equlty eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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