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Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $ 40,250 Prepaid insurance 27,500 Accounts receivable
Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows:
Finished goods inventory | $ 40,250 |
Prepaid insurance | 27,500 |
Accounts receivable | 105,000 |
Work in process inventory | 157,500 |
Supplies | 71,300 |
Materials inventory | 87,500 |
Cash | 112,000 |
Prepare the Current Assets section of Flat Top Companys balance sheet at December 31, 2016. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries.
Labels to use:
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 Flat Top Company's balance sheet at December 31, 2016. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries Flat Top Company December 31, 2016 1 Label) 4 Label) 10 Total current assets
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