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Prepare a current assets section of the balance sheet. Ending balances needed are as follows: Cash, $12,500; Accounts Receivable, $175,000; Office Supplies, $2,150; Merchandise Inventory,
Prepare a current assets section of the balance sheet. Ending balances needed are as follows: Cash, $12,500; Accounts Receivable, $175,000; Office Supplies, $2,150; Merchandise Inventory, $107,000; Prepaid Rent, $1,150.
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