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Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $11,600 Prepaid insurance 11,800

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Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $11,600 Prepaid insurance 11,800 Accounts receivable 30,200 Work in process inventory 46,400 20,900 Supplies Materials inventory 25,500 Cash 32,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets: Cash 32,500 Work in process Inventories: IL Supplies 20,900 Materials inventory 25,500 Cash 32,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets: Cash 32,500 Work in process Inventories: Prepaid insurance Total inventories Materials 25,500 Finished goods 11,600 Total current assets

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