Question
Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $39,000 Prepaid insurance 26,250 Accounts receivable 104,500
Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows:
| Finished goods inventory | $39,000 |
| Prepaid insurance | 26,250 |
| Accounts receivable | 104,500 |
| Work in process inventory | 156,500 |
| Supplies | 70,100 |
| Materials inventory | 89,750 |
| Cash | 119,000 |
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 and Accounts
| Labels | |
| Current assets | |
| Inventories | |
| Accounts | |
| Accounts receivable | |
| Accumulated depreciation-equipment | |
| Cash | |
| Equipment | |
| Finished goods | |
| Materials | |
| Prepaid insurance | |
| Supplies | |
| Work in process |
Balance Sheet
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.
| Flat Top Company |
| Balance Sheet |
| December 31, 2016 |
| 1 |
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| 2 |
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| 3 |
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| 4 |
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| 5 |
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| 6 |
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| 7 | |||
| 8 |
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| 9 |
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| 10 | Total current assets |
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ISO 9000 Family Of Standards With Extracts From ISO 9001 Audit Trail
Authors: David John Seear
1st Edition
1477226400, 978-1477226407
