On the basis of the following data related to assets due within one year for simmons Co. prepared partial balance sheet in good from at december 31, show total current asset  Cash                                     96,000 Notes receivable                  50,000 Accounts receivable              275,000 Allowance for Doubtfull Account 40,000 Interest Receivable                1,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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On the basis of the following data related to assets due within one year for simmons Co. prepared partial balance sheet in good from at december 31, show total current asset

 Cash                                     96,000

Notes receivable                  50,000

Accounts receivable              275,000

Allowance for Doubtfull Account 40,000

Interest Receivable                1,000

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Current assets are the resources owned or held by an entity for a period of one year or even lesser.

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