Question: Exercise 8-10 Balance sheet presentation LO2, 4 Below are the alphabetized list of adjusted account balances. AccountBalance*Accounts receivable$110,000Accumulated depreciation, building29,000Allowance for doubtful accounts2,350Bad debt expense2,100Building375,000Cash19,000Merchandise

Exercise 8-10 Balance sheet presentation LO2, 4

Below are the alphabetized list of adjusted account balances.

AccountBalance*Accounts receivable$110,000Accumulated depreciation, building29,000Allowance for doubtful accounts2,350Bad debt expense2,100Building375,000Cash19,000Merchandise inventory82,000Notes receivable, due May 1, 202561,000Notes receivable, due Nov. 30, 202314,300Supplies5,260

*Assume all balances are normal. Prepare the current asset section of LisTels March 31, 2023, balance sheet. (List assets in the order of liquidity.)

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