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The balance sheet debit column of the worksheet for Jolie Company includes the following accounts: Accounts Receivable $12,500, Prepaid Insurance $4,500, Cash $4,100, Supplies
The balance sheet debit column of the worksheet for Jolie Company includes the following accounts: Accounts Receivable $12,500, Prepaid Insurance $4,500, Cash $4,100, Supplies $5,200, and Debt Investments (short-term) $7,600. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.) JOLIE COMPANY Partial Balance Sheet Current Assets Cash Debt Investments Accounts Receivable Supplies Prepaid Insurance 4,200 7.300 12.500 4,400 3.100 Total Current Assets $ 31,500
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