In alphabetical order below are current asset items for Ruiz Company's balance sheet at December 31, 2015. Prepare the current assets section (including a complete heading).
Accounts receivable |
$200,000 |
Cash |
62,000 |
Finished goods |
91,000 |
Prepaid expenses |
38,000 |
Raw materials |
73,000 |
Work in process |
87,000 |
Solution:
Ruiz Company | ||
Current Assets Section of the Balance Sheet | ||
December. 31, 2015 | ||
Current Assets: | ||
Cash | $ 62,000 | |
Accounts Receivables | $ 200,000 | |
Inventories: | ||
Finished Goods | $ 91,000 | |
Work in process | $ 87,000 | |
Raw materials | $ 73,000 | |
$ 251,000 | ||
Prepaid Expenses | $ 38,000 | |
Total Current Assets | $ 551,000 |
In alphabetical order below are current asset items for Ruiz Company's balance sheet at December 31,...
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