3. Taj Inc, has the following accounts included in its December 31, 2019, trial balance:...
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3. Taj Inc, has the following accounts included in its December 31, 2019, trial balance: Accounts Receivable 100,000, Inventory 280,000, Allowance for Doubtful Accounts 9,000, Patents 72,000, Prepaid Insurance 9,000, Accounts Payable 60,000, Short Term investments 11,000 and Cash 20,000. Instruction: Prepare the current assets section of the statement of financial position.
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