Question: Prepare the current assets section of the balance sheet as of December 31, 2013, for Lipton, Inc. using the following information: Accounts Receivable ......$63,000 Petty

Prepare the current assets section of the balance sheet as of December 31, 2013, for Lipton, Inc. using the following information:

Accounts Receivable ......$63,000

Petty Cash ......... 500

Cash in Bank Accounts ..... 22,000

Inventory ......... 55,500

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