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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.

 

Diesel Additives Company
Balance Sheet
August 31
Current assets:
Inventories:
Total inventories
Total current assets
%24
%24
Transcribed Image Text:Diesel Additives Company Balance Sheet August 31 Current assets: Inventories: Total inventories Total current assets %24 %24
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