Listed here are certain accounts of the Jenkins Company at the end of

QUESTION

Listed here are certain accounts of the Jenkins Company at the end of 2007:Account Debit (Credit)Land .$12,000Prepaid insurance . 1,530Cash on hand 1,120Notes receivable (due 2010) . 4,300Cash in bank . 5,400Allowance for doubtful accounts .. (1,100)Marketable securities (short-term) 3,380Accumulated depreciation . (8,700)Accounts receivable .. 15,600Office supplies .. 970Buildings 27,200Inventory 19,700RequiredPrepare the current asset section of Jenkins balance sheet.
Current Assets (Jenkins balance sheet_2007) (Amt in $) Prepaid insurance 1,530 Cash on hand 1,120 Cash in bank 5,400 Marketable securities (short-term)

3,380 Accounts receivable 15600 Less: Allowance for doubtful accounts -1100 14500 Inventory 19,700 45,630

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