Exercise 5-9 (Part Level Submission) The current assets and current liabilities sections of the balance sheet of Cullumber Company appear as follows. Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid expenses CULLUMBER COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 $ 43,900 Accounts payable $97,700 Notes payable 7,850 89,850 164,640 8,900 $307,290 $ 67,020 67,660 $134,680 The following errors in the corporation's accounting have been discovered: 1. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $41,500, on which a cash discount of 2% was taken. f merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $10,190 had been received on consignment; the remainder was purchased r.o.b. destination, terms 2/10, n/30. 3. Sales for the first four days in January 2018 in the amount of $32,350 were entered in the sales journal as of December 31, 2017. Of these, $20,610 were sales on account and the remainder were cash sales. 4. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,226. Of this amount, $23,226 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. (al) Calculate the following adjusted balances. Cash Accounts Receivable Inventory Accounts Payable Notes Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT