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Question
On the basis of the following data related to assets due within one year for Barnes Co., prepare a partial balance sheet at December 31. Show total current assets.
| Accounts receivable | $ 38,000 |
| Allowance for doubtful accounts | 5,000 |
| Cash | 45,000 |
| Interest receivable | 5,500 |
| Merchandise inventory | 88,000 |
| Notes receivable | 100,000 |
Answer
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