Steerings Corporation reported the following selected accounts and amounts at November 30, 2024: Accounts...
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Accounting
Steerings Corporation reported the following selected accounts and amounts at November 30, 2024:
Accounts payable Accounts receivable Advances to employees Allowance for expected credit losses Cash Credit losses Interest expense Interest income Inventory Notes receivable (current) Notes receivable (non-current) Prepaid insurance Sales Sales tax recoverable
$ 18,080 14,560 2,320 1,040 6,000 1,600 1,920 4,800 21,120 20,000 60,000 1,200 296,000 2,520
Prepare the current assets sectrion of steering's statement of financial position. (list assets in order of liquidity. record accounts receivable before notes receivable.)
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