The balance sheet debit column of the worksheet for Sandhill Company includes the following accounts: Accounts Receivable $13,000, Prepaid Insurance $4,200, Cash $4,100, Supplies $5,300, and Debt Investments (short-term) $6,400. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.) SANDHILL COMPANY

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The balance sheet debit column of the worksheet for Sandhill Company includes the following accounts: Accounts Receivable
$13,000, Prepaid Insurance $4,200, Cash $4,100, Supplies $5,300, and Debt Investments (short-term) $6,400.
Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.)
SANDHILL COMPANY
Partial Balance Sheet
$
Transcribed Image Text:The balance sheet debit column of the worksheet for Sandhill Company includes the following accounts: Accounts Receivable $13,000, Prepaid Insurance $4,200, Cash $4,100, Supplies $5,300, and Debt Investments (short-term) $6,400. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.) SANDHILL COMPANY Partial Balance Sheet $
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