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Bramble Corporation’s adjusted trial balance contained the following asset accounts at December 31

Question

Bramble Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2025: Cash $8,730, Land $41,500, Patents $20,000, Accounts Receivable $96,350, Prepaid Insurance $5,290, Inventory $42,800, Allowance for Doubtful Accounts $4,530, and Equity Investments (to be sold in the next quarter) $11,400.

Answer:

BRAMBLE Corporation
Balance Sheet
Dec. 31, 2025
Current Assets
Cash        8,730
Equity investments     11,400
Accounts Receivable         96,350
Allowance for Doubtful Accounts         (4,530)     91,820
Inventory        42,800
Prepaid Insurance     5,290
Total Current Assets.   160,040

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