Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $14,100 Prepaid insurance 14,400 Accounts receivable 36,700 Work in process inventory 56,400 Supplies 25,400 Materials inventory 31,000 Cash 39,500 Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31.
Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $14,100 Prepaid insurance 14,400 Accounts receivable 36,700 Work in process inventory 56,400 Supplies 25,400 Materials inventory 31,000 Cash 39,500 Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Partial
| Finished goods inventory | $14,100 |
| Prepaid insurance | 14,400 |
| 36,700 | |
| Work in process inventory | 56,400 |
| Supplies | 25,400 |
| Materials inventory | 31,000 |
| Cash | 39,500 |
Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31.
Transcribed Image Text:Diesel Additives Company
Balance Sheet
August 31
Current assets:
Inventories:
Total inventories
Total current assets
%24
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