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On the basis of the following data related to current assets for Mission Co. at December 2016, prepare a partial balance sheet in good form.
On the basis of the following data related to current assets for Mission Co. at December 2016, prepare a partial balance sheet in good form. Cash and cash equivalents $100,000 Notes receivable 50,000 Accounts receivable 290,000 Allowance for doubtful accounts 20,000 Interest receivable 750 Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market 120,000 Prepare a partial balance sheet in good form. Enter the assets in the order they are listed above. Mission Co. Partial Balance Sheet December 31, 2016 Assets Current assets: Cash and cash equivalents Accounts receivable $ Less allowance for doubtful accounts Total current assets
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