Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory Prepaid insurance Accounts receivable Work in process inventory Supplies Materials inventory Cash Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Line Item Description Amount Current assets: Inventories: Total inventories Total current assets $89,400 9,000 348,200 61,100 13,800 26,800 167,500 000 Amount 00 0000
Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory Prepaid insurance Accounts receivable Work in process inventory Supplies Materials inventory Cash Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Line Item Description Amount Current assets: Inventories: Total inventories Total current assets $89,400 9,000 348,200 61,100 13,800 26,800 167,500 000 Amount 00 0000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:Manufacturing Company Balance Sheet
Partial balance sheet data for Diesel Additives Company at August 31 are as follows:
Finished goods inventory
Prepaid insurance
Accounts receivable
Work in process inventory
Supplies
Materials inventory
Cash
Line Item Description
Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31.
Diesel Additives Company
Balance Sheet
August 31
Current assets:
Inventories:
Total inventories
Total current assets
Check My Work
$89,400
9,000
Amount
348,200
61,100
13,800
26,800
167,500
Amount
0000
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