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Prepare the current asset section of booboo balance sheet

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Problem 1: BooBoo's Home Health Care has the following adjusted account balances at April 30, 2020. All accounts have normal balances. Prepare the current asset section of BooBoo's balance sheet.

Accounts receivable $51,000

Account Title Balance

Accumulated amortization-furniture 8,500

Allowance for doubtful accounts 2,500

Bad debt expense 4,100

Cash 98,700

Furniture 22,000

Inventory 122,750

Notes receivable,due July 1,2020 41,000

Notes receivable,due November 1,2023 68,000

Prepaid expenses 2,100

Reference no: EM132744637

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