Question
The following are the current assets of Bames Co. as of December 31: Accounts receivable $ 38,000 Allowance for doubtful accounts 5,000 Cash 45,000
The following are the current assets of Bames Co. as of December 31: Accounts receivable $ 38,000 Allowance for doubtful accounts 5,000 Cash 45,000 Interest receivable 5,500 Merchandise inventory 88000 Notes receivable 100,000 Prepare the Current assets section of the balance sheet.
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