Question
Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $43,000 Prepaid insurance 27,500 Accounts receivable 105,500 Work
Partial balance sheet data for Diesel Additives Company at August 31 are as follows:
Finished goods inventory | $43,000 |
Prepaid insurance | 27,500 |
Accounts receivable | 105,500 |
Work in process inventory | 152,000 |
Supplies | 72,300 |
Materials inventory | 88,500 |
Cash | 110,000 |
Prepare the Current Assets section of Diesel Additives Companys balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries. Colons (:) will fill in where needed.
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Current assets | |||||||||||||||||||||||||||||||||||||||||||||||
Inventories | |||||||||||||||||||||||||||||||||||||||||||||||
Accounts | |||||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | |||||||||||||||||||||||||||||||||||||||||||||||
Accumulated depreciation-equipment | |||||||||||||||||||||||||||||||||||||||||||||||
Cash | |||||||||||||||||||||||||||||||||||||||||||||||
Equipment | |||||||||||||||||||||||||||||||||||||||||||||||
Finished goods | |||||||||||||||||||||||||||||||||||||||||||||||
Materials | |||||||||||||||||||||||||||||||||||||||||||||||
Prepaid insurance | |||||||||||||||||||||||||||||||||||||||||||||||
Supplies | |||||||||||||||||||||||||||||||||||||||||||||||
Work in process Prepare the Current Assets section of Diesel Additives Companys balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries. Colons (:) will fill in where needed.
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