Question

Listed here are certain accounts of Jenkins Company at the end of 2016:
Account Debit (Credit)
Land....................... $12,000
Prepaid Insurance.................. 1,530
Cash on Hand................... 1,120
Notes Receivable (due 2016).............. 4,300
Cash in Bank .................... 5,400
Allowance for Doubtful Accounts............ (1,100)
Marketable Securities (Short-Term)........... 3,380
Accumulated Depreciation................ (8,700)
Accounts Receivable.................. 15,600
Office Supplies................... 970
Buildings..................... 27,200
Inventory..................... 19,700
Required:
Prepare the current assets section of Jenkins’s balance sheet at the end of 2016.


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  • CreatedOctober 05, 2015
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