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Prepare Current assets section of Diesel balance sheet

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Reference no: EM132713961

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

Finished goods inventory

$89,400

Supplies

$13,800

Prepaid insurance

9,000

Materials inventory

26,800

Accounts receivable

348,200

Cash

167,500

Work in process inventory

61,100

Required - Prepare the "Current assets" section of Diesel Additives Company's balance sheet at August 31.

Reference no: EM132713961

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