e: 09:42 AM / Remaining 10 min Practice Exercise 5-2 (Part Level Submission) The current assets and current liabilities sections of the balance sheet of Wildhorse Co. appear as follows. Cash Wildhorse Co. Balance Sheet (Partial) As of December 31, 2017 $17.000 Accounts payable $40,000 Notes payable 1,300 38,700 Uneamed revenue Accounts receivable Less: Allowance for doubtful accounts Inventory $27,400 13,700 3,600 62.600 Total current liabilities $44,700 Prepaid expenses 6,800 Total current assets $124 100 Aming Rory 9 min VEVO ald expenses current assets 6,900 5124,100 following errors in the corporation's accounting have been discovered: Keane collected $5,100 on December 20, 2017 as a down payment for services to be performed on January, 2018. The company's contre recorded the amounts The Inventory amount reported included $3,000 of merchandise that had been received on December 31, 2017 but for which to purchase invices had been reved to be Lob. destination, terms 2/10, 1/30 Sales for the first day in January 2018 in the amount of $11,500 were entered in the sales Journal of Dumber 31, 2017, of these 17,400 were less count and the remainder Cash, collected in December 2017, but entered as received in January 2018 totaled 14,100. of this mout, 12.12 was received on account was decorate the Cash of $3,200 received in January 2016 was entered as received in December 2017. This cash represented the proceeds of a bank loan that matusin 2018 January 2018 cath disbursements entered as of December 2017 induced payments of accounts avable the amount of 36100, on which canh deconto is wat (1) lculate the following adjusted balance counts Receivable nventory ccounts Payable Totes Payable 20.2021 wa Sons Inc. All Rights Red Doin