DISCUSSION QUESTIONS - Benedictine
A corrected balance sheet would be as follows: Ex. 4–13 (Concluded) POSHE SERVICES CO. Balance Sheet. May 31, 2012. Assets Liabilities. Current assets: Current liabilities: Cash $ 14,000 Accounts payable $24,000. Accounts receivable 32,500 Wages payable 2,500. Supplies 6,500 Total liabilities $ 26,500. Prepaid insurance 12,000 ................
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