The following items are taken from the adjusted trial balance of Westley Company for the month ending July 31, 2021: Accounts payable Accounts receivable Accumulated depreciation - equipment Cash Common Stock Depreciation expense Equipment Retained earnings 7/1/21 Service revenue Supplies $2,000 3,300 8,000 2,600 30,000 2,000 54,000 22,000 33,000 1,200 Prepare the current assets section of Westley's classified balance sheet. (List Current Assets in order of liquidity)

The following items are taken from the adjusted trial balance of Westley Company for the month ending July 31, 2021: Accounts payable Accounts receivable Accumulated depreciation - equipment Cash Common Stock Depreciation expense Equipment Retained earnings 7/1/21 Service revenue Supplies $2,000 3,300 8,000 2,600 30,000 2,000 54,000 22,000 33,000 1,200 Prepare the current assets section of Westley's classified balance sheet. (List Current Assets in order of liquidity)

Name: The following items are taken from the adjusted trial balance of West
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Description: The following items are taken from the adjusted trial balance of Westley Company for the month ending July 31, 2021:Accounts payableAccounts receivableAccumulated depreciation - equipmentCashCommon StockDepreciation expenseEquipmentRetained earnings

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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