OS $14-12($A$/$go$)$ Preparing a balance sheet LO P$1$

Prepare the current assets section of the balance sheet at December $31$ for Bin Manufacturing using the fo $/$wing information. Hint: Not all information given is needed for the solution.

Cash

Accounts payable

Raw materials inventory

General and administrative expenses

Accounts receivable, net

Selling expenses

Finished goods inventory

Work in process inventory

Prepaid insurance

cost of goods sold

$$23,100$

$3,100$

$9,100$

$43,100$

$13,100$

$13,100$

$23,100$

$19,100$

$5,100$

$34,100$

BIN MANUFACTURING

Current Assets Section of the Balance Sheet

December $31$