The following are the current assets of Barnes Co. as of December 31: Accounts Receivable $38,000 Allowance for Doubtful Accounts 5,000 Cash 45,000 Interest Receivable 5,500 Inventory 88,000 Notes Receivable 100,000 Prepare the current asset section of the balance sheet. Barnes Co. Balance Sheet December 31 Assets Current Assets: Total Current Assets

The following are the current assets of Barnes Co. as of December 31: Accounts Receivable $38,000 Allowance for Doubtful Accounts 5,000 Cash 45,000 Interest Receivable 5,500 Inventory 88,000 Notes Receivable 100,000 Prepare the current asset section of the balance sheet. Barnes Co. Balance Sheet December 31 Assets Current Assets: Total Current Assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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