Question
The current assets and current liabilities sections of the balance sheet of Allessandro Scarlatti Company appear as follows. ALLESSANDRO SCARLATTI COMPANY BALANCE SHEET (PARTIAL) DECEMBER
The current assets and current liabilities sections of the balance sheet of Allessandro Scarlatti Company appear as follows.
ALLESSANDRO SCARLATTI COMPANY
BALANCE SHEET (PARTIAL) DECEMBER 31, 2017
cash $40,000 accts pay $61,000
accounts receivable $89,000 notes payable $67,000
less: a for doubt ac. $7,000 $82,000 $128,000
Inventory $171,000
Prepaid expenses $9,000
$302,000
Prepare a classified balance sheet as of December 31, 2017.
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The AICPA Audit Committee Toolkit Private Companies
Authors: AICPA
2nd Edition
1940235464, 978-1940235462
