For the fiscal year ended April 30 2015 Interform Corp
For the fiscal year ended April 30, 2015, Interform Corp. had the following account balances:
Dr (Cr)
Accounts receivable ............. $ 5,102,050
Notes receivable, due January 2016 ....... 6,209,564
Notes receivable, due October 2016 ....... 488,390
Allowance for doubtful accounts ........... (43,600)
Bad debt expense ............. 59,200
Cash .................. 329,504
Accounts payable ............. (32,416)
Inventory ................. 2,584,933
Cost of goods sold ............. 11,940,382
Equipment ................. 2,689,900
Prepaid expenses ................ 25,742
Prepare the current asset section of the balance sheet.
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