Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $39,000 Prepaid insurance 26,250 Accounts receivable 104,500 Work in process inventory 156,500 Supplies 70,100 Materials inventory 89,750 Cash 119,000 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Be sure to complete the statement heading. Refer to the Accounts, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. A colon (;) will automatically appear if it is required.
Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $39,000 Prepaid insurance 26,250 Accounts receivable 104,500 Work in process inventory 156,500 Supplies 70,100 Materials inventory 89,750 Cash 119,000 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Be sure to complete the statement heading. Refer to the Accounts, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. A colon (;) will automatically appear if it is required.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Account, Labels and amount descriptions
_____________________
•According received
•Accumulated deprecating- equipment
•Cash
•Equipment
•Finished goods
•Materials
•Prepaid insurance
•Supplies
•Work in progress
•Labels
•August 31
•For the month ended august 31
•Current assets
•Inventories
•Amount descriptions
•Total inventories
•Total current assets
Transcribed Image Text:Instructions
Partial balance sheet data for Diesel Additives Company at August 31 are as follows:
Finished goods inventory
$39,000
Prepaid insurance
26,250
Accounts receivable
104,500
Work in process inventory
156,500
Supplies
70,100
Materials inventory
89,750
Cash
119,000
Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Be sure to complete the statement heading. Refer to the Accounts, Labels
and Amount Descriptions list provided for the exact wording of the answer choices for text entries. A colon (;) will automatically appear if it is required.
Transcribed Image Text:Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Be sure to complete the statement heading. Refer to the Accounts, Labels
and Amount Descriptions list provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required.
Diesel Additives Company
Balance Sheet
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