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omeli [17]
3 years ago
8

Prepare the current assets section of the balance sheet for Sheridan Company. Assume that in addition to the receivables it has

cash of $91,900, inventory of $136,500, and prepaid insurance of $9,300.
Business
1 answer:
devlian [24]3 years ago
7 0

Answer:

See explanation section

Explanation:

                            Sheridan Company

     Statement of Financial Position (Balance Sheet)

                       As at December 31, 2018

Particulars                                           Amount ($)

Cash                                                       $91,900

Accounts receivable      xxx,xxx

Less: Bad debt          <u>       xx,xxx</u>

                                                                xxx,xxx

Inventory                                                136,500

Prepaid Insurance                          <u>           9,300</u>

Total Current Assets                          $237,700

Note: If we have accounts receivables and bad debt expense, we can easily get the accurate answer.

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Philip Morris bought Miller Brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie
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c:40:1 OR B:32:1

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3 0
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Phoenix Agency leases office space for $7,000 per month. On January 3, Phoenix incurs $65,000 to improve the leased office space
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Answer:

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Explanation:

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solution

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Answer:

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