a.Prepare the Current Assests section of the balance sheet
b. Prepare the Current Liabiloties Section of the Balance sheet

Transcribed Image Text:

Presented below are items from the most recent balance sheet of Co, B as of Dec 31, 2021 $500 Prepaid Expenses 600 Short Term Investments stocks 300 Allowance to adjust s-term inv to market (dr) Unearned Revenue Accounts Payable Accounts Receivable Accrued Liabilities Cash & Cash Equivalents Capital 50 1.350 Inventories 800 Allowance for Bad Debts (cr) (80) Long Term Banks Payable 1.000 Interest Payable Property Plant & Equip. Accumulated Depreciation (cr) Treasury Bills (mature in Feb. 10, 2022) Treasury Bills (mature in March 20, 2023) $100 200 70 90 2.000 (400) 60 20 Presented below are items from the most recent balance sheet of Co, B as of Dec 31, 2021 $500 Prepaid Expenses 600 Short Term Investments stocks 300 Allowance to adjust s-term inv to market (dr) Unearned Revenue Accounts Payable Accounts Receivable Accrued Liabilities Cash & Cash Equivalents Capital 50 1.350 Inventories 800 Allowance for Bad Debts (cr) (80) Long Term Banks Payable 1.000 Interest Payable Property Plant & Equip. Accumulated Depreciation (cr) Treasury Bills (mature in Feb. 10, 2022) Treasury Bills (mature in March 20, 2023) $100 200 70 90 2.000 (400) 60 20