Harding corporation has the following accounts included in, Ask an Expert

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Harding Corporation has the following accounts included in its December 31, 2012, trial balance: Accounts Receivable $110,000; Inventory $290,000; Allowance for Doubtful Accounts $8,000; Patents $72,000; Prepaid Insurance $9,500; Accounts Payable $77,000; Cash $30,000.

Prepare the current assets section of the balance sheet. (List current assets in order of liquidity.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411183

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