Included in the December 31 trial balance of Blossom Company are the following assets.
Cash | $ 408,500 | Work in process | $430,000 | |||
---|---|---|---|---|---|---|
Equipment (net) | 2,365,000 | 860,000 | ||||
88,150 | Patents | 236,500 | ||||
Raw materials | 720,250 | Finished goods | 365,500 |
Prepare the current assets section of the December 31 balance sheet
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Included in the December 31 trial balance of Sheridan Company are the following assets. Cash $270,000 $ 256,500 1,485,000 55,350 Work in process Accounts Receivables (net) Equipment (net) Prepaid insurance 540,000 Patents 148,500 Raw materials 452,250 Finished goods 229,500 Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity) SHERIDAN COMPANY Balance Sheet (Partial)
ignment Brief Exercise 8-1 Included in the December 31 trial balance of Sweet Company are the following assets. Cash Equipment (net) 2,035,000 Accounts Receivables (net) 740,000 Prepaid insurance 75,850 Patents Raw materials 351,500 Work in process $370,000 203,500 314,500 619,750 Finished goods Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.) SWEET COMPANY Balance Sheet (Partial) Current Asses e here to search
Your answer is partially correct. In alphabetical order below are current asset items for Roland Company's balance sheet at December 31, 2020. Accounts receivable Cash Finished goods Prepaid expenses Raw materials Work in process $204,000 75,000 94,000 40,000 91,000 88,000 Prepare the current assets section. (List Current Assets in order of liquidity.) ROLAND COMPANY Balance Sheet Current Assets Cash $ 75000 Accounts Receivable 4 204000 Inventories Finished Goods $ 94000 Work in Process 88000 Raw Materials Prepaid Expenses Total Current...
Question 10 Presented in alphabetical order below are current asset items for Seussie Company's balance sheet at December 31, 2020 Accounts receivable Cash $401,300 76,300 Finished goods, January 1, 2020 72,500 Finished goods, December 31, 2020 97,400 58,700 95,100 91,500 89,500 Work in process, December 31, 2020 99,100 Prepaid expenses Raw materials, January 1, 2020 Raw materials, December 31, 2020 Work in process, January 1, 2020 Prepare the current assets séction of the balance sheet. (List Current Assets in order...
In alphabetical order below are current asset items for Sudler Company as of December 31, 2019. Accounts receivable Cash Finished goods Prepaid expenses Raw materials Work in process $41,000 61,000 26,000 3,000 22,000 32,000 Prepare the current assets section of the company's balance sheet as of the same date. (List Current Assets in order of liquidity.) SUDLER COMPANY Balance Sheet December 31, 2019
In alphabetical order below are current asset items for Roland Company's balance sheet at December 31, 2020. Accounts receivable $220,000 Cash 83,000 Finished goods 89,000 Prepaid expenses 44,000 Raw materials 94,000 Work in process 92,000 Prepare the current assets section. (List Current Assets in order of liquidity.) ROLAND COMPANY Balance Sheet $ $ A
In alphabetical order below are current asset items for Roland Company's balance sheet at December 31, 2020. Accounts receivable $220,000 Cash 70,000 Finished goods 99,000 Prepaid expenses 52,000 Raw materials 90,000 Work in process 96,000 Prepare the current assets section. (List Current Assets in order of liquidity.) ROLAND COMPANY Balance Sheet
Question 16 In alphabetical order below are current asset items for Roland Company's balance sheet at December 31, 2020. Accounts receivable Cash Finished goods Prepaid expenses Raw materials Work in process $212,000 63,000 91,000 47,000 90,000 93,000 Prepare the current assets section. (List Current Assets in order of liquidity.) ROLAND COMPANY Balance Sheet
Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $ 4,000 , Receivables (net) $ 15,000 , Raw Materials $ 600 , and Prepaid Expenses $ 400 case 1 data: income statement blanks: partial balance sheet blanks: Direct materials used Direct labor Manufacturing overhead Total manufacturing costs $9,600 5,000 8,000 22600 1,000 Beginning work in process...
Brief Exercise 161 In alphabetical order below are current asset items for Sudler Company as of December 31, 2016. Accounts receivable Cash Finished goods Prepaid expenses Raw materials Work in process $41,000 61,000 26,000 3,000 22,000 32,000 Prepare the current assets section of the company's balance sheet as of the same date. (List Current Assets in order of liquidity.) SUDLER COMPANY Balance Sheet December 31, 2016 Question Attempts: 0 of 1 used