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Problem - Current Assets Listed here are certain accounts of Jenkins Company at the end of 2019:
Account - Debit (Credit)
Land $12,000
Prepaid Insurance 1,530
Cash on Hand 1,120
Notes Receivable (due 2019) 4,300
Cash in Bank 5,400
Allowance for Doubtful Accounts (1,100)
Marketable Securities (Short-Term) 3,380
Accumulated Depreciation (8,700)
Accounts Receivable 15,600
Office Supplies 970
Buildings 27,200
Inventory 19,700
Required - Make the current assets section of Jenkins's balance sheet at the end of 2019.
On December 31, a business estimates depreciation on equipment used during the first year of operations to be $12,200.
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