On the Basis of the Following Data Related to Current

Essay

On the basis of the following data related to current assets for Mission Co. at December 2013, prepare a partial balance sheet in good form.
$\begin{array}{ll}\$ 100,000 & \text { Cash and cash equivalents } \\50,000 & \text { Notes receivable } \\290,000 & \text { Accounts receivable } \\20,000 & \text { Allowance for doubtful accounts } \\750 & \text { Interest receivable } \\120,000 & \text { Merchandise inventory at lower-of-cost-(first-in, first-out method) or-market }\end{array}$