From the following alphabetized list of adjusted account balances, prepare the current asset section of LisTels March
Question:
From the following alphabetized list of adjusted account balances, prepare the current asset section of LisTel’s March 31, 2023, balance sheet.
*Assume all balances are normal.
Transcribed Image Text:
Account Accounts receivable......... Accumulated depreciation, building.... Allowance for doubtful accounts... Bad debt expense.... Building........... Cash.......... Merchandise inventory.. Notes receivable, due May 1, 2025... Notes receivable, due Nov. 30, 2023.. Supplies.............. Balance* $110,000 29,000 2,350 2,100 375,000 19,000 82,000 61,000 14,300 5,260
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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