166.On the basis of the following data related to assets due within one year for Simons Co., prepare a partial balancesheet in good form at December 31. Show total current assets.
Cash$ 56,000
Accounts receivable325,000
Allowance for doubtful accounts25,000
Interest receivable3,000
Supplies4,000
Inventory45,000
Other current assets10,000
167.On the basis of the following data related to assets due within one year for Webb Co., prepare a partial balancesheet in good form at December 31. Show total current assets.
Cash$96,000
Notes receivable50,000
Accounts receivable275,000
Allowance for doubtful accounts40,000
Interest receivable1,000
168.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
|
Merchandise Inventory
|
88,000
|
Notes Receivable
|
100,000
|
Prepare the current assets section of the balance sheet.