Listed here are certain accounts of the Jenkins Company at the end of 2007: Account Debit (Credit)

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Listed here are certain accounts of the Jenkins Company at the end of 2007:

Account Debit (Credit)

Land .............$12,000

Prepaid insurance ........ 1,530

Cash on hand ......... 1,120

Notes receivable (due 2010) .... 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 asset section of Jenkins’ balance sheet.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 05:56 AM

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Listed here are certain accounts of the Jenkins Company at the end of 2007: Account Debit (Credit)

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Intermediate Accounting

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