Question
Included in the December 31 trial balance of Rivera Company are the following assets. Cash $ 266,000 Work in process $280,000 Equipment (net) 1,540,000 Accounts
Included in the December 31 trial balance of Rivera Company are the following assets.
| Cash | $ 266,000 | Work in process | $280,000 | |||
| Equipment (net) | 1,540,000 | Accounts Receivables (net) | 560,000 | |||
| Prepaid insurance | 57,400 | Patents | 154,000 | |||
| Raw materials | 469,000 | Finished goods | 238,000 |
Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.)
| RIVERA COMPANY Balance Sheet (Partial) December 31 | ||||||
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The Brain Audit Why Customers Buy And Why They Dont
Authors: Sean D'Souza, John Forde
1st Edition
0473175045, 978-0473175047
