Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $89,400 Prepaid insurance 9,000 Accounts receivable 348,200 Work in process inventory 61,100 Supplies 13,800 Materials inventory 26,800 Cash 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 10E: Manufacturing company balance sheet Partial balance sheet data for Diesel Additives Company at...
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Manufacturing Company Balance Sheet
Partial balance sheet data for Diesel Additives Company at August 31 are as follows:
Finished goods inventory
$89,400
Prepaid insurance
9,000
Accounts receivable
348,200
Work in process inventory
61,100
Supplies
13,800
Materials inventory
26,800
Cash
167,500
Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31.
Transcribed Image Text:Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $89,400 Prepaid insurance 9,000 Accounts receivable 348,200 Work in process inventory 61,100 Supplies 13,800 Materials inventory 26,800 Cash 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31.
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