Question

Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are...

Manufacturing Company Balance Sheet

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

Finished goods inventory $14,000
Prepaid insurance 14,300
Accounts receivable 36,400
Work in process inventory 56,000
Supplies 25,200
Materials inventory 30,800
Cash 39,200

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 $
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Answer

Diesel Additives Company

Balance Sheet
31-Aug
Current assets:
Cash $      39,200
Account receivable $      36,400
Inventories:
Finished goods $     14,000
Work in progress $     56,000
material $     30,800
Total inventories $    100,800
Supplies $      25,200
Prepaid Insurance $      14,300
Total current assets $    215,900

Please like

Add a comment
Know the answer?
Add Answer to:
Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are...

    Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $9,600 Prepaid insurance 9,800 Accounts receivable 25,000 Work in process inventory 38,400 Supplies 17,300 Materials inventory 21,100 Cash 26,900 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 $

  • Manufacturing Company Balance Sheet Partial balance sheet data for Diesel Additives Company at August 31 are...

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

  • Manufacturing company balance sheet Instructions Labels and Accounts Balance Sheet Instructions Partial balance sheet data for...

    Manufacturing company balance sheet Instructions Labels and Accounts Balance Sheet Instructions Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Finished goods inventory $43,750 28,000 Prepaid insurance Accounts receivable 104,500 Work in process inventory 158,750 Supplies 71,200 Materials inventory 87,500 116,000 Cash Prepare the Current Assets section of Diesel Additives Company's balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries....

  • Calculator Manufacturing company balance sheet Balance Sheet Instructions Partial balance sheet data for Diesel Additives Company...

    Calculator Manufacturing company balance sheet Balance Sheet Instructions Partial balance sheet data for Diesel Additives Company at August 31 are as follows. Finished goods inventory Prepaid insurance Accounts receivable S42,000 26,000 105,000 153,000 72 300 Work in process inventory Supplies Materials inventory 88.250 Cash 117 000

  • Chapter 15 Introduction to Managerial Accounting Obj. 3 FX 15-10 Manufacturing company balance sheet partial balance...

    Chapter 15 Introduction to Managerial Accounting Obj. 3 FX 15-10 Manufacturing company balance sheet partial balance sheet data for Diesel Additives Company at August 31 are is Finished goods inventory S 89,400 Supplies Prepaid insurance 9,000 Materials inventory Accounts receivable 348.200 Cash Work in process inventory 61,100 $ 13,800 26,800 167,500 Prepare the "Current assets" section of Diesel Additives Company's balance sheet at Augus EX 15-11 Cost of direct materials used in production for a manufacturing company Walker Manufacturing Company...

  • insi ucuons Labels and Accounts Balance Sheet Instructions Partial balance sheet data for Flat Top Company...

    insi ucuons Labels and Accounts Balance Sheet Instructions Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory Prepaid insurance Accounts receivable Work in process inventory Supplies Materials inventory $43,250 26,500 104,000 155,500 70,600 88,750 112,000 Cash Prepare the Current Assets section of Flat Top Company's balance sheet at December 31, 2016. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries

  • The Doyle Merchandising Company’s December 31 balance sheet contained the following information. If the Doyle Merchandising...

    The Doyle Merchandising Company’s December 31 balance sheet contained the following information. If the Doyle Merchandising Company were to send invoices to its December 31 customers, what is the total dollar amount of invoices the company would send? Assets Current Assets Cash $9,000 Accounts Receivable $14,000 Allowance for Uncollectible Accounts $1,200 $12,800 Merchandise Inventory $26,000 Supplies $1,300 Prepaid Insurance $1,900 a. $0 b. $14,000 c. $1,200 d. $12,800 e. $9,000

  • Requirement 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31,...

    Requirement 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Data Table Requirements Sally O'Sullivan Dance Studio Company Balance Sheet August 31, 2018 Assets 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31,...

  • Don’t understand how to get total current assets eBook B: Show Me How Calculator Manufacturing company...

    Don’t understand how to get total current assets eBook B: Show Me How Calculator Manufacturing company balance sheet ons Labels and Accounts Balance Sheet Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 105,500 Work in process inventory155,000 7us00 87,500 110,000 Accounts receivable Supplies Materials inventory Cash Check My Work All work saved 20 Nowv2 1 Online te C The Following Information tC Partal Balance Sheet Data...

  • Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts...

    Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable $15,000 Equipment $188,000 Accumulated depreciation-equipment 46,300 Inventory 63,000 Cash 19,500 Supplies 6,300 Stock investments (long-term) 1,500 Goodwill 5,000 Do It! Review 2-012 Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $15,000 46,300 19,500 1,500 Equipment Inventory Supplies Goodwill $188,000 63,000 6,300 5,000 Prepare the assets section of Pharoah...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT