Homework Answers
Solution:
| Listel | ||
| Balance Sheet (Partial) | ||
| As of March 31, 2020 | ||
| Particulars | Amount | |
| Current Assets: | ||
| Cash | $20,350.00 | |
| Accounts receivables , Gross | $117,000.00 | |
| Less: allowance for doubtful accounts | $2,490.00 | |
| Accounts receivables , net | $114,510.00 | |
| Merchandise inventory | $89,000.00 | |
| Note receivables | $15,700.00 | |
| Supplies | $5,750.00 | |
| Total current assets | $245,310.00 | |
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