Chester Taylor recently received the following information related to Taylor Companys December 31, 2012, balance sheet. Inventory

Question:

Chester Taylor recently received the following information related to Taylor Company’s December 31, 2012, balance sheet.

Inventory $ 2,900 Short-term investments $1,200

Cash 4,300 Accumulated depreciation 5,700

Equipment 21,700 Accounts receivable 4,300

Investments in stock (long-term) 6,500

Prepare the assets section of Taylor Company’s classified balance sheet.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...