On the Basis of the Following Data Related to Assets

question 132

Essay

On the basis of the following data related to assets due within one year for Webb Co., prepare a partial balance sheet in good form at December 31, 2011. Show total current assets.
$\begin{array}{ll}\$ 128,000 & \text { Cash } \\50,000 & \text { Notes receivable } \\275,000 & \text { Accounts receivable } \\25,000 & \text { Allowance for doubtfil accounts } \\1,000 & \text { Interest rec eivable }\end{array}$