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The bookkeeper for Pronghom Company has prepared the following balance sheet as of July 31, 2025. The following additional information is provided. 1. Cash includes

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The bookkeeper for Pronghom Company has prepared the following balance sheet as of July 31, 2025. The following additional information is provided. 1. Cash includes $1,272 in a petty cash fund and $15,900 invested in a 24 -month certificate of deposit. 2. The net accounts receivable balance is comprised of the following twoitems: (a) accounts receivable $46,640 and (b) allowance for doubtful accounts $3,710. 3 Inventory costing $5,618 was shipped out on consignment on July 31,2025 . The ending inventory balance does not include the consigned goods. Recelvables in the amount of $5,618 were recognized on these consigned goods. 4. Equipment had a cost of $118,720 and an accumulated depreciation balance of $29,680. 5. Income taxes payable of 56,360 were accrued on July 31. Pronghorn Company, however, had set up a cash fund to meet this The following additional information is provided. 1. Cash includes $1,272 in a petty cash fund and $15,900 invested in a 24 -month certificate of deposit. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $46,640 and (b) allowance for doubtful accounts \$3,7. 3. Inventory costing $5,618 was shipped out on consignment on July 31,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,618 were recognized on these consigned goods. 4. Equipment had a cost of $118,720 and an accumulated depreciation balance of $29,680. 5. Income taxes payable of $6,360 were accrued on July 31. Pronghorn Company, 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 balance sheet as of July 31, 2025, from the available information, adjusting the account balances using the additional information, (List Cument Assets in order of liquldity) PRONGHORN COMPANY Balance Sheet July 31, 2025 Assets Curent Assets Inveritory Total Current Assets Property. Plant and Equioment Equipment Long-term Irvestments

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