PEARL LTD Norrcument Aascts

Lons$-$tarm llmesitments

Bond Sinkligg Fund

Properey, Plent and Equlgmant

Equlgmant

Lasa $V=$ Acsumulatad Depraclation$-$Equlpmant $V$

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Intarglols Asssta

Patant:

Totel Nan$-$current Asset:

Cument daasts

Inventary

Accounta Racolvable

: Alowance for Doubtel Accounts I I

Equity and Liabilities

Equlty

Norrcument Lablltlas

Cumant Lablltis:

Notsa and Accounts Peyable

Income Taxas Payabla

Unsamsed Revanue

Total Gurrent Ulabilltic$$

Total Labiltisa

Totel Equrty and Ulabllities

Statement of Financial Position

As of July $31,2022$

The following additional information is provided.

Cash includes $1,320$ in a petty cash fund and $13,200$ in a bond sinking fund.

The net accounts receivable balance is comprised of the following three items: $($a$)$ accounts receivable$-$debit balances

$57,200,($b$)$ accounts receivable$-$credit balances $8,800,$ and $($c$)$ allowance for doubtful accounts $3,850.$

Inventory costing $5,830$ was shipped out on consignment on July $31,2022.$ The ending inventory balance does not include

the consigned goods. Receivables in the amount of $5,830$ were recognized on these consigned goods.

Equipment had a cost of $123,200$ and an accumulated depreciation balance of $30,800.$

Income taxes payable of $9,900$ were accrued on July $31.$ Pearl Ltd$.,$ however, had set up a cash fund to meet this obligation.

This cash fund was not included in the cash balance but was offset against the income taxes payable amount.

Prepare a corrected classified statement of financial position as of July $31,2022,$ from the available information, adjusting the account

balances using the additional information. $($List Current Assets in reverse order of liquidity$)$

Solve for accounts receivable and do unearnerd revenue i put the answers i used