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Exercise 5-9 (Part Level Submission) The current assets and current liabilities sections of the balance...

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Accounting

Exercise 5-9 (Part Level Submission)

The current assets and current liabilities sections of the balance sheet of Allessandro Scarlatti Company appear as follows.

ALLESSANDRO SCARLATTI COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2014
Cash $ 40,000 Accounts payable $ 61,000
Accounts receivable $89,000 Notes payable 67,000
Less: Allowance for doubtful accounts 7,000 82,000 $128,000
Inventory 171,000
Prepaid expenses 9,000
$302,000
The following errors in the corporation

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