Chat with us, powered by LiveChat WAF Company s general ledger included the followin - Writemia

WAF Company s general ledger included the followin

WAF Company s general ledger included the following accounts at November 30, 2014: Accounts payable $145,500 Accounts receivable 109,000 Allowance for doubtful accounts 6,950 Bad debt expense 35,970 Cash 74,000 GST recoverable . 21,850 Interest receivable .. 2,500 Interest revenue . 10,000 Merchandise inventory .. 110,800 Note receivable-due April 23, 2015 50,000 Note receivable-due May 21, 2018 . 150,000 Prepaid expenses .15,300 Short-term investments 80,500 Prepare the current assets section of the balance sheet.

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