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LAS HW practice Question 4 of 8 0.22/1 Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,000, Land
LAS HW practice Question 4 of 8 0.22/1 Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,000, Land $40,000, Patents $12,500, Accounts Receivable $90,000, Prepaid Insurance $5,200, Inventory $30,000, Allowance for Doubtful Accounts $4,000, and Equity Investments (to be sold in the next quarter) $11,000. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity) KOCH CORPORATION Balance Sheet (Partial) December 31, 2020 Current Assets Cash $ $ Accounts Receivable S Less Accumulated Depreciation Buildings Land Type here to search O
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