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Nasda Company has the following balances as of December 31, 2019:
Notes Receivable (due In 9 months) is $4,758;
Allowance for Doubtful Accounts $1,250;
Notes Receivable (due in 24 months), $6,450;
Accounts Receivable $22,420; and
Taxes Receivable (due in 11 months), $960.
Required:
Problem 1: Prepare the assets section of Nasda's balance sheet for the calendar year of December 31, 2019, ignoring any other accounts the company may have.
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