Here are the balances of selected accounts of the Ocean Walk Tours at the end of the
Question:
Here are the balances of selected accounts of the Ocean Walk Tours at the end of the current year:
Required:
Prepare the current assets section of the Ocean Walk Tours balance sheet.
Transcribed Image Text:
Equipment Prepaid insurance Notes payable (due in 30 days) Cash Land Accounts receivable (net) Inventory Mortgage payable (due next year) Notes receivable (due in 60 days) Marketable securities (short term) Buildings (net) Notes receivable (due in 2 years) $ 27 750 3 900 10 650 5 850 17 550 15 300 36 600 49 500 6 000 9450 111 000 8 400
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Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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