Prepare the current assets section of the balance sheet, Accounting Basics

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Prepare the current assets section of the balance sheet

Problem:

Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2014: Cash $7,580; Land $40,440; Patents $14,810; Accounts Receivable $95,020; Prepaid Insurance $6,070; Inventory $35,810; Allowance for Doubtful Accounts $5,360; Equity Investments (trading) $14,950.

Required:

Question: Prepare the current assets section of the balance sheet.

Note: Please show how to work it out.

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Accounting Basics: Prepare the current assets section of the balance sheet

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Accounting Basics: Prepare the current assets section of the balance sheet

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