In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020. Accounts receivable   $ 200,000 Cash   62,000 Finished goods   91,000 Prepaid expenses   38,000 Raw materials   83,000 Work in process   87,000 Prepare the current assets section. (List Current Assets in order of liquidity.)

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
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Chapter2: Working With The Tax Law
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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.

Accounts receivable   $ 200,000
Cash   62,000
Finished goods   91,000
Prepaid expenses   38,000
Raw materials   83,000
Work in process   87,000


Prepare the current assets section. (List Current Assets in order of liquidity.)

 

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