On the basis of the following data related to current assets for Mission Co. at December 2016,

create 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:

$fill in the blank 2

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$fill in the blank 6

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Total current assets $fill in the blank 14