SKieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACCT 301/302 actice Assignment Gradebook ORION Downloadable eTextbook nment TOR FULL SCREEN Exercise 5-9 (Part Level Submission) The current assets and current liabilities sections of the balance sheet of Splish Company appear as follows SPLISH COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 46,100 Accounts payable 56,560 67,760 $124,320 Accounts receivable 95,900 Notes payable Less: Allowance for doubtful accounts 8,850 87,050 163,710 9,840 306,700 Prepaid expenses The following errors in the corporation's accounting have been discovered 1 2. The inventory included $31,250 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. or this amount, 3. Sales for the first four days in January 2018 in the amount of $28,630 were entered in the sales journal as of December 31, 2017. Of these, $23,360 were sales on account 4. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,030. Of this amount, $23,030 was received on account after January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $39,900, on which a cash discount of 2% was taken $12,200 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. and the remainder were cash sales. cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. (al) Colapse question part ces 4355 26