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Uli Corporation reported the following selected items at February 28, 2021: Accounts payable Accounts receivable Allowance for doubtful accounts Bad debts expense Cash Deferred revenue
Uli Corporation reported the following selected items at February 28, 2021: Accounts payable Accounts receivable Allowance for doubtful accounts Bad debts expense Cash Deferred revenue Estimated inventory returns $1,219,400 611,000 39,000 31,200 195,000 6,500 24,700 Inventory Notes receivable-due November 1, 2021 Notes receivable-due April 1, 2024 Prepaid rent Sales tax recoverable Trading investments $494,000 390,000 520,000 10,400 49,400 429,000 Prepare the current assets section of Uli's statement of financial position. (List Current Assets in order of liquidity.)
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