TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at October 31, 2023 (assume normal balances): Prepare the asset section of the classified balance sheet at October 31, 2023. Accounts receivable $16,400 Accumulated
TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at October 31, 2023 (assume normal balances):
Prepare the asset section of the classified balance sheet at October 31, 2023.
Transcribed Image Text:
Accounts receivable $16,400 Accumulated depreciation, equipment 3,800 3,100 13,800 800 9,000 25,000 Accumulated amortization, patent Accumulated depreciation, vehicles Allowance for doubtful accounts Cash Equipment Land Patent Vehicles 48,000 20,100 62,000
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Assets Current assets Cash Accounts receivable Less Allowance for doubtful accounts Total curr…View the full answer
Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Question Details
Chapter #
1
Section: Quick Study
Problem: 5
Posted Date: June 05, 2023 09:33:40
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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