Question: (b) Your answer is partially correct. Prepare the current assets section of the balance sheet for Sandhill Company, assuming that in addition to the receivables

(b) Your answer is partially correct. Prepare the current assets section of the balance sheet for Sandhill Company, assuming that in addition to the receivables it has cash of $85,000, merchandise inventory of $174,000, and supplies of $16,000. (List Current Assets in order of liquidity) Current Assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Inventory Supplies Expense Total Current Assets SANDHILL COMPANY Balance Sheet (Partial) =

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