(Solution) - Listed here are certain accounts of the Jenkins Company at -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Listed here are certain accounts of the Jenkins Company at the end of 2007:
Account Debit (Credit)
Land ............. $12,000
Prepaid insurance ........ 1,530
Cash on hand ......... 1,120
Notes receivable (due 2010) .... 4,300
Cash in bank .......... 5,400
Allowance for doubtful accounts ... (1,100)
Marketable securities (short-term) . 3,380
Accumulated depreciation ..... (8,700)
Accounts receivable ........ 15,600
Office supplies .......... 970
Buildings ............. 27,200
Inventory ........... 19,700
Required
Prepare the current asset section of Jenkins? balance sheet.