Solution-Prepare a partial balance sheet in good form

Prepare a partial balance sheet in good form

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Reference no: EM132863004

Question - On the basis of the following data related to current assets for Mission Co. at December 2016, create partial balance sheet in good form.

Cash and cash equivalents $100,000

Notes receivable 50,000

Accounts receivable 290,000

Allowance for doubtful accounts 20,000

Interest receivable 750

Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market 120,000

Required - Prepare a partial balance sheet in good form. Enter the assets in the order they are listed above.

Reference no: EM132863004

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Prepare a partial balance sheet in good form

Reference no: EM132863004

Reference no: EM132863004

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