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Prepare the current assets section of the balance sheet

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Question - 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.)

Reference no: EM131819409

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