Included in the December 31 trial balance of Rivera Company are the followin assets: Cash $ 190,000 Work in process $200,000 Equipment (net) 1,100,000 Accounts receivable (net) 400,000 Prepaid insurance 41,000 Patents 110,000 Raw materials 335,000 Finished goods 170,000 Prepare the current assets section of the December 31 balance sheet.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Included in the December 31 trial balance of Rivera Company are the following
assets:
Cash $ 190,000
Work in process $200,000
Equipment (net) 1,100,000
Accounts receivable (net) 400,000
Prepaid insurance 41,000
Patents 110,000
Raw materials 335,000
Finished goods 170,000
Prepare the current assets section of the December 31 balance sheet.
Transcribed Image Text:Included in the December 31 trial balance of Rivera Company are the following assets: Cash $ 190,000 Work in process $200,000 Equipment (net) 1,100,000 Accounts receivable (net) 400,000 Prepaid insurance 41,000 Patents 110,000 Raw materials 335,000 Finished goods 170,000 Prepare the current assets section of the December 31 balance sheet.
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