Kim's Copy Shop Is in the Process of Organizing Its

Multiple Choice

Kim's Copy Shop is in the process of organizing its assets in the appropriate order. The manager asks you for help in arranging the following assets: equipment, accounts receivable, cash, merchandise inventory, and notes receivable. You list ____ first and ____ last.

A) merchandise inventory; notes receivable
B) accounts receivable; equipment
C) notes receivable; accounts receivable
D) equipment; accounts receivable
E) cash; equipment