On the basis of the following data related to assets due within one year for Webb Co., prepare a partial balance sheet in good form at December 31, 2011. Show total current assets.
$\begin{array}{ll}
\$ 128,000 & \text { Cash } \
50,000 & \text { Notes receivable } \
275,000 & \text { Accounts receivable } \
25,000 & \text { Allowance for doubtfil accounts } \
1,000 & \text { Interest rec eivable }
\end{array}$

Question

On the basis of the following data related to assets due within one year for Webb Co., prepare a partial balance sheet in good form at December 31, 2011. Show total current assets.
 $\begin{array}{ll}
\$ 128,000 & \text { Cash } \
50,000 & \text { Notes receivable } \
275,000 & \text { Accounts receivable } \
25,000 & \text { Allowance for doubtfil accounts } \
1,000 & \text { Interest rec eivable }
\end{array}$

Quizplus · Accepted Answer

The Answer of On the basis of the following data related to assets due within one year for Webb Co., prepare a partial balance sheet in good form at December 31, 2011. Show total current assets.
 $\begin{array}{ll}
\$ 128,000 & \text { Cash } \
50,000 & \text { Notes receivable } \
275,000 & \text { Accounts receivable } \
25,000 & \text { Allowance for doubtfil accounts } \
1,000 & \text { Interest rec eivable }
\end{array}$

On the Basis of the Following Data Related to Assets