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Prepare the current assets section of the December

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Reference no: EM132558193

Question - Included in the December 31 trial balance of Ivanhoe company are the following assets.

Cash 418000

Equipment (net) 2420000

Prepaid insurance 90200

Raw materials 737000

Work in process 440000

Accounts Receivable (net) 880000

Patents 242000

Finished goods 374000

Required - Prepare the current assets section of the December 31 balance sheet. List current assets in order of liquidity.

Reference no: EM132558193

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