From the following list, present the current asset section of the balance sheet: Accounts Receivable(short-term) :$84,400...
From the following list, present the current asset section of the balance sheet:
Accounts Receivable(short-term) :$84,400
Accounts Receivable(long-term): 110,000
Allowance for Uncollectible Accounts: 5,270
Cash: 165,090
Inventory: 277,420
Marketable Securities: 61,200
Notes Receivable (60-days): 18,000
Notes Receivable (2-year) :32,000
Prepaid Expense: 17,973
Homework Answers
| Current assets: | |
| Accounts receivable | $84400 |
| Cash | 165090 |
| Inventory | 277420 |
| Marketable security | 61200 |
| Notes receivable | 18000 |
| Prepaid expense | 17973 |
| Total current assets | $624,083 |
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From the following list, present the current asset section of
the balance sheet:
Accounts Receivable(short-term) :$84,400...
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2005 $544,894 Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) Cash and cash equivalents Marketable securities at cost, which approximate market value Accounts receivable (less allowances fordoubtful accounts of $25,830, $18,801 and $18,401, respectively Inventories, net Prepaid expenses and other assets Deferred income taxes Prepaid income taxes Total current assets 2007 $113,437 20,074 602,650 946,327 61,666 56,663 2006 $348,471 12,827 566,607 827,254...
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