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Prepare a statement of financial position in good form. (List Current Assets in order of liquidity.) Liabilities and Shareholders' Equity eTextbook and Media List of

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Prepare a statement of financial position in good form. (List Current Assets in order of liquidity.) Liabilities and Shareholders' Equity eTextbook and Media List of Accounts Sove for Later Attempts: 0 of 1 used Submit Answer The following statement of financial position was prepared by the bookkeeper for Martinez Corp. at December 31,2023. The following additional information is provided: 1. "Cash" includes prepaid insurance of $9,000; as well, a bank overdraft of $1,425 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $59,500; (b) accounts receivable-credit balances $4,800; (c) allowance for expected credit losses $4,600. 3. Inventory does not include goods costing $4,800 shipped out on consignment. Receivables of $4,800 were recorded on these goods. 4. Investments include investments in common shares, trading investments $23,000 and long-term investments $41,600, and franchises $8,600. 5. Equipment costing $7,700 with accumulated depreciation $5,700 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $38,400. Prepare a statement of financial position in good form. (List Current Assets in order of liquidity.) Liabilities and Shareholders' Equity eTextbook and Media List of Accounts Sove for Later Attempts: 0 of 1 used Submit Answer The following statement of financial position was prepared by the bookkeeper for Martinez Corp. at December 31,2023. The following additional information is provided: 1. "Cash" includes prepaid insurance of $9,000; as well, a bank overdraft of $1,425 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $59,500; (b) accounts receivable-credit balances $4,800; (c) allowance for expected credit losses $4,600. 3. Inventory does not include goods costing $4,800 shipped out on consignment. Receivables of $4,800 were recorded on these goods. 4. Investments include investments in common shares, trading investments $23,000 and long-term investments $41,600, and franchises $8,600. 5. Equipment costing $7,700 with accumulated depreciation $5,700 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $38,400

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