In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020. Accounts receivable   $ 200,000 Cash   62,000 Finished goods   91,000 Prepaid expenses   38,000 Raw materials   83,000 Work in process   87,000 Prepare the current assets section. (List Current Assets in order of liquidity.)

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.

Accounts receivable   $ 200,000
Cash   62,000
Finished goods   91,000
Prepaid expenses   38,000
Raw materials   83,000
Work in process   87,000


Prepare the current assets section. (List Current Assets in order of liquidity.)

 

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