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The Following Are the Current Assets from Hanes Co Prepare the Current Asset Section of the Balance Sheet

Question 147

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The following are the current assets from Hanes Co. as of December 31, 2011:
42,000 Accounts Receivable 3,000 Allowance for Doubtful Accounts 79,000 Cash 3,500 Interest Receivable 104,000 Merchandise Inventory 100,000 Notes Receivable \begin{array}{|l|l|}\hline 42,000 & \text { Accounts Receivable } \\\hline 3,000 & \text { Allowance for Doubtful Accounts } \\\hline 79,000 & \text { Cash } \\\hline 3,500 & \text { Interest Receivable } \\\hline 104,000 & \text { Merchandise Inventory } \\\hline 100,000 & \text { Notes Receivable } \\\hline\end{array} Prepare the current asset section of the balance sheet.

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