FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Below are the alphabetized list of adjusted account balances.
Account
Balance
Accounts receivable
110,800
29,000
2,350
2,100
375,000
19,000
Accumulated depreciation, building
Allowance for doubtful accounts
Bad debt expense
Building
Cash
Merchandise inventory
82,000
Notes receivable, due May 1, 2022
Notes receivable, due Nov. 30, 2020
Supplies
61,000
14,300
5,260
*Assume all balances are normal.
Prepare the current asset section of LIsTel's March 31, 2020, balance sheet. (List assets In the order of liquidity.)
LisTel
Partial Balance Sheet
March 31, 2020
Assets
Current assets:
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Transcribed Image Text:Below are the alphabetized list of adjusted account balances. Account Balance Accounts receivable 110,800 29,000 2,350 2,100 375,000 19,000 Accumulated depreciation, building Allowance for doubtful accounts Bad debt expense Building Cash Merchandise inventory 82,000 Notes receivable, due May 1, 2022 Notes receivable, due Nov. 30, 2020 Supplies 61,000 14,300 5,260 *Assume all balances are normal. Prepare the current asset section of LIsTel's March 31, 2020, balance sheet. (List assets In the order of liquidity.) LisTel Partial Balance Sheet March 31, 2020 Assets Current assets:
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