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The current assets and current liabilities sections of the balance sheet of Tamarisk Company appear as follows. The following errors in the corporation's accounting have

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The current assets and current liabilities sections of the balance sheet of Tamarisk Company appear as follows. The following errors in the corporation's accounting have been discovered: 1. January 2026 cash disbursements entered as of December 2025 included payments of accounts payable in the amount of $43,500, con which a cash discount of 2% was taken. 2. The inventory induded $31,970 of merchandise that had been receved at December 31 but for which no purchase invoices had bees received or entered, Of this amour $10,290 had been received on consignment, the remainder was purchased to.b. destination, terms 2/10,n/30. 2025 . Of these, 521.170 were sales on account and the remaincer were cash saies. 4. Cash, mot including cash sales, collected in January 2026 and entered as of December 31,2025 , totaicd $33,756, Of this amount. 521,756 was recelved on account after cash discounts of 2x had been deducted, the remainder represented the proceeds of a bank loan. (a) - Your answer is partialiy correct. Reatate the current assets and current liabilities sections of the balance theet in accordance witi good accounting practice

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