Question: s Required information Exercise 7-4 (Algo) Bank overdrafts; financial statement effects [LO7-2, 7-10] [The following information applies to the questions displayed below.] IFRS Parker Incorporated

Required information Exercise 7-4 (Algo) Bank overdrafts; financial statement effects [LO7-2, 7-10] [The following information applies to the questions displayed below.] IFRS Parker Incorporated has the following cash balances: First Bank: $ 170,000 Second Bank: (18,008) Third Bank: 27,000 Fourth Bank: (9,000) Exercise 7-4 (Algo) Part 2 2. Prepare the current assets and current liabilities section of Parker's 2027 balance sheet, assuming Parker reports under IFRS. Note: If there is no effect select "None" from the dropdown. Current Assets: Current Liabilities

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