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The following data relates to the assets due within one year for Simons Co. Cash Accounts receivable $ 56,000 325,000 Allowance for doubtful accounts 25,000
The following data relates to the assets due within one year for Simons Co. Cash Accounts receivable $ 56,000 325,000 Allowance for doubtful accounts 25,000 Interest receivable 3,000 Supplies 4,000 45,000 Inventory Other current assets 10,000 Based on the data above, prepare a partial balance sheet in good form at December 31. Show total current assets. Simons Co. Balance Sheet Current assets: December 31 Assets Total current assets
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