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Vaughn Corporation's adjusted trial balance contained the following asset accounts at December 31, 2025: Cash $9,250, Land $43,600, Patents $18,600, Accounts Receivable $92,950, Prepaid
Vaughn Corporation's adjusted trial balance contained the following asset accounts at December 31, 2025: Cash $9,250, Land $43,600, Patents $18,600, Accounts Receivable $92,950, Prepaid Insurance $5,840, Inventory $41,100, Allowance for Doubtful Accounts $5,530, and Equity Investments (to be sold in the next quarter) $14,010. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) VAUGHN CORPORATION Balance Sheet (Partial) +A $
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
