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. Show total current assets. $$\begin{array} { l r }
\text { Cash } & \$ 96,000 \
\text { Notes receivable } & 50,000 \
\text { Accounts receivable } & 275,000 \
\text { Allowance for doubtful accounts } & 40,000 \
\text { Interest receivable } & 1,000
\end{array}$$

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. Show total current assets. $$\begin{array} { l r } 
\text { Cash } & \$ 96,000 \
\text { Notes receivable } & 50,000 \
\text { Accounts receivable } & 275,000 \
\text { Allowance for doubtful accounts } & 40,000 \
\text { Interest receivable } & 1,000
\end{array}$$

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. Show total current assets. $$\begin{array} { l r } 
\text { Cash } & \$ 96,000 \
\text { Notes receivable } & 50,000 \
\text { Accounts receivable } & 275,000 \
\text { Allowance for doubtful accounts } & 40,000 \
\text { Interest receivable } & 1,000
\end{array}$$

On the Basis of the Following Data Related to Assets