Speedway Corporation reported the following selected accounts and amounts at November 30, 2021: $ 18,980...
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Accounting
Speedway Corporation reported the following selected accounts and amounts at November 30, 2021: $ 18,980 15,280 2.440 Accounts payable Accounts receivable Advances to employees Allowance for doubtful accounts Allowance for doubtful notes (current) Bad debts expense 1.100 4,200 1.680 Cash 6,300 2,020 5.040 22.180 Interest expense Interest income Inventory Notes receivable (current) Notes receivable (non-current) Prepaid insurance Sales 21.000 63,000 1,260 310,800 Sales tax recoverable 2.640 Prepare the current assets section of Speedway's statement of financial position. (List Assets in order of liquidity. Record Accounts Receivable before Notes Receivable.) SPEEDWAY CORPORATION Statement of Financial Position (Partial) November 30, 2021 Assets Current Assets $ $ $ $ >
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