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Included in the December 31 trial balance of Swifty Company are the following assets. Cash Equipment (net) 1,595,000 Accounts Receivables (net) 580,000 Prepaid insurance Raw
Included in the December 31 trial balance of Swifty Company are the following assets. Cash Equipment (net) 1,595,000 Accounts Receivables (net) 580,000 Prepaid insurance Raw materials $275,500 Work in process $290,000 59,450 Patents 485,750 Finished goods 159,500 246,500 Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.) SWIFTY COMPANY Balance Sheet (Partial)
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