The statement of financial position debit column of the worksheet for Diaz Company includes the following accounts Accounts Receivable 12,500 Prepaid Insurance 3,600 Cash 15,400 Supplies 5,200 and Short Term Investments 6,700 Prepare the current assets section of the statement of financial position...

DIAZ COMPANY Partial Statement of Finan ...

The statement of financial position debit column of the worksheet for Diaz Company includes the following accounts:

Question:

The statement of financial position debit column of the worksheet for Diaz Company includes the following accounts: £12,500; Prepaid Insurance £3,600; Cash £15,400; Supplies £5,200 and Short-Term Investments £6,700. Prepare the current assets section of the statement of financial position, listing the accounts in proper sequence.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...