Prepare the current assets section of the balance sheet for Crane Industries on December 31,...
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Prepare the current assets section of the balance sheet for Crane Industries on December 31, 2024. (List Current Assets in order of liquidity. Enter account name only and do not provide descriptive information.) Prepare the journal entry to record the bad debt expense on December 31,2024 , assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) At December 31, 2024, Crane Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: tion 6 of 8 5/15 i Cash 4 Interest Receivable Add : Merchandise Inventory Notes Receivable Prepaid Insurance Short-Term Investments Total Current Assets $ 1375 1375 zceivable srrent Assets eTextbook and Media Prepare the current assets section of the balance sheet for Crane Industries on December 31, 2024. (List Current Assets in order of liquidity. Enter account name only and do not provide descriptive information.)
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