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