On the basis of the following data related to current assets for Mission Co. at December 2013, prepare a partial balance sheet in good form.
$\begin{array}{ll}
\$ 100,000 & \text { Cash and cash equivalents } \
50,000 & \text { Notes receivable } \
290,000 & \text { Accounts receivable } \
20,000 & \text { Allowance for doubtful accounts } \
750 & \text { Interest receivable } \
120,000 & \text { Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market }
\end{array}$

Question

On the basis of the following data related to current assets for Mission Co. at December 2013, prepare a partial balance sheet in good form.
 $\begin{array}{ll}
\$ 100,000 & \text { Cash and cash equivalents } \
50,000 & \text { Notes receivable } \
290,000 & \text { Accounts receivable } \
20,000 & \text { Allowance for doubtful accounts } \
750 & \text { Interest receivable } \
120,000 & \text { Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market }
\end{array}$

Quizplus · Accepted Answer

The Answer of On the basis of the following data related to current assets for Mission Co. at December 2013, prepare a partial balance sheet in good form.
 $\begin{array}{ll}
\$ 100,000 & \text { Cash and cash equivalents } \
50,000 & \text { Notes receivable } \
290,000 & \text { Accounts receivable } \
20,000 & \text { Allowance for doubtful accounts } \
750 & \text { Interest receivable } \
120,000 & \text { Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market }
\end{array}$

On the Basis of the Following Data Related to Current