The bookkeeper for Kingbird Company has prepared the following balance sheet as of July 31,2020....
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The bookkeeper for Kingbird Company has prepared the following balance sheet as of July The following additional information is provided. Cash includes $ in a petty cash fund and $ in a bond sinking fund. The net accounts receivable balance is comprised of the following two items: a accounts receivable $ and b allowance for doubtful accounts $ Inventory costing $ was shipped out on consignment on July The ending inventory balance does not include the consigned goods. Receivables in the amount of $ were recognized on these consigned goods. Equipment had a cost of $ and an accumulated depreciation balance of $ Income taxes payable of $ were accrued on July Kingbird Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount. Prepare a corrected classified balance sheet as of July from the available information, adjusting the account balances using the additional information. List Current Assets in order of liquidity 
The bookkeeper for Kingbird Company has prepared the following balance sheet as of July
The following additional information is provided.
Cash includes $ in a petty cash fund and $ in a bond sinking fund.
The net accounts receivable balance is comprised of the following two items: a accounts receivable $ and b
allowance for doubtful accounts $
Inventory costing $ was shipped out on consignment on July The ending inventory balance does not include
the consigned goods. Receivables in the amount of $ were recognized on these consigned goods.
Equipment had a cost of $ and an accumulated depreciation balance of $
Income taxes payable of $ were accrued on July Kingbird Company, however, had set up a cash fund to meet this
obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount.
Prepare a corrected classified balance sheet as of July from the available information, adjusting the account balances using
the additional information. List Current Assets in order of liquidity
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