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Show me how to review a corrected classified statement of financial position as of July 31 2019 from the

information below:

Statement of financial position as of July 31, 2019 are as follows:

Equipment (net) is 84.000 a debit

Patents is 21,000 a debit

Inventory is 60,000 a debit

Accounts receivable is 40,500 a debit

Cash is 69,000 a debit

Equity is 155,500 a credit

Noncurrent liabilities is 75,000 a credit

Notes and accounts payable is 44,000 a credit

  1. cash includes 1200 in petty cash fund and 12,000 in a bond sinking fund
  2. the net accounts receivable balance is comprised of the following three items accounts receivable debit balance is 52,000, accounts receivable credit balance is 8,000, allowance for doubtful accounts is 3.500
  3. inventory costing 5,300 was shipped out on consignment on July 31 2019. The ending inventory balance does not include the consigned goods. Receivable in the amount of 5,300 were recognized on these consigned goods
  4. equipment had a cost of 112,000 and accumulated depreciation of 28,000
  5. income taxes payable of 9,000 were accrued on July 31 2019. A cash fund was setup to meet obligations. This cash was not included in the cash balance but was offset against the income tax payable amount

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