# Current-assets-and-liabilities-assignment-help-

I am confused on this problem. Need help on how to get the answer for the cash line and accounts receivables line? I can try to get the other ones myself. Just need the first two answers and explain how you got the answer so I can understand how you got the answer.

 Cash \$ 44,300 Accounts payable \$ 58,160 Accounts receivable \$94,400 Notes payable 66,420 Less: Allowance for doubtful accounts 7,400 87,000 \$124,580 Inventory 174,040 Prepaid expenses 9,210 \$314,550

The following errors in the corporationâ€™s accounting have been discovered:

 1 January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of \$39,900, on which a cash discount of 2% was taken. 2 The inventory included \$30,450 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, \$12,920 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. 3 Sales for the first four days in January 2018 in the amount of \$28,760 were entered in the sales journal as of December 31, 2017. Of these, \$21,910 were sales on account and the remainder were cash sales. 4 Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled \$33,168. Of this amount, \$21,168 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan.

#### (a1)

Calculate the following adjusted balances.

 Cash \$ Accounts Receivable \$ Inventory \$ Accounts Payable \$ Notes Payable \$