Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $10,300 Prepaid insurance 10,500 Accounts receivable 26,800 Work in process inventory 41,200 Supplies 18,500 Materials inventory 22,700 Cash 28,800 Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31. Diesel Additives Company Balance Sheet August 31 Current assets:         $       Inventories:       $               Total inventories                 Total current assets   $

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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  1. Manufacturing Company Balance Sheet

    Partial balance sheet data for Diesel Additives Company at August 31 are as follows:

    Finished goods inventory $10,300
    Prepaid insurance 10,500
    Accounts receivable 26,800
    Work in process inventory 41,200
    Supplies 18,500
    Materials inventory 22,700
    Cash 28,800

    Prepare the Current assets section of Diesel Additives Company’s balance sheet at August 31.

    Diesel Additives Company
    Balance Sheet
    August 31
    Current assets:    
        $
         
    Inventories:    
      $  
         
         
    Total inventories    
         
         
    Total current assets   $
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