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In alphabetical order below are current asset items for Roland Companys balance sheet at December 31, 2020. Accounts receiva

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Answer #1
ROLAND COMPANY
Balance Sheet
December 31, 2020
Current Assets:
Cash 70,000
Accounts receivable 220,000
Inventories:
Raw materials 90,000
Work in process 96,000
Finished goods 99,000 285,000
Prepaid expenses 52,000
Total current assets $627,000

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