At December 31, 2024, Oriole Industries reports the following selected accounts from the unadjusted trial balance...
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At December 31, 2024, Oriole Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Accounts payable Accounts receivable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2025 Prepaid insurance Sales Sales returns and allowances Short-term investments Unearned revenue Debit $742,000 42,400 1,855,000 1,200 344,500 47,700 8,480 106,000 53,000 Credit $371,000 2,375 3,296,600 26,500 Prepare the current assets section of the balance sheet for Oriole industries on December 31, 2024 At December 31, 2024, Oriole Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Accounts payable Accounts receivable Cash Cost of goods sold Interest receivable Interest revenue Merchandise inventory Notes receivable, due April 10, 2025 Prepaid insurance Sales Sales returns and allowances Short-term investments Unearned revenue Debit $742,000 42,400 1,855,000 1,200 344,500 47,700 8,480 106,000 53,000 Credit $371,000 2,375 3,296,600 26,500 Prepare the current assets section of the balance sheet for Oriole industries on December 31, 2024
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ased on the given information the current assets sectio... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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