Accounting for current assets of the balance sheet?

The following represent the current assets of the Boyce and Hart Corporation as of December 31, 2008.





Accounts Receivable - $42,000


Merchandise Inventory - $104,000


Interest Receivable - $3,500


Cash - $74,000


Allowance for Doubtful Accounts - $3,000


Notes Receivable - $100,000





Prepare the current assets section of the balance sheet as of December 31, 2008.|||Current assets go in order of liquidity.





Cash


Accounts Receivable


Allowance for Doubtful Accounts


Interest Receivable


Notes Receivable


Merchandise Inventory





This is a good example of a balance sheet:


http://www.mrhvac.com/download/free/exam鈥?/a>





Hope this helps!!|||Boyce and Hart Corporation


Balance Sheet - Extract


As at 31/12/2008





ASSETS





Current Assets:





Cash - $74,000


Interest Receivable - $3,500


Notes Receivable - $100,000


Accounts receivable - $42,000


Less: Allowance for doubtful debts - ($3,000)


$39,000


Merchandise Inventory - $104,000





There you go, no fee for this :)





Cheers


Mo.