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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31,...

In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2017.

Accounts receivable $216,000
Cash 80,000
Finished goods 86,000
Prepaid expenses 49,000
Raw materials 87,000
Work in process 90,000
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Answer #1

Balance Sheet

December 31

Current assets
Cash 80000
Account receivable 216000
Inventories
Finished goods 86000
Work in process 90000
Raw material 87000 263000
Prepaid expenses 49000
Total Current assets 608000
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