Required information Skip to question [The following information applies to the questions displayed below.] Parker Inc. has
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[The following information applies to the questions displayed below.] Parker Inc. has the following cash balances:
| First Bank: | $ | 150,000 | ||
| Second Bank: | (16,000 | ) | ||
| Third Bank: | 25,000 | |||
| Fourth Bank: | (8,000 | ) | ||
Required:
1. Prepare the current assets and current liabilities section of Parkers 2021 balance sheet, assuming Parker reports under U.S. GAAP. (If there is no effect select "None" from the dropdown.)
Parkers 2021 balance sheet (partial)
Current Assets:
Current Liabilities:
Expert Answer:
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