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Manufacturing Company Balance Sheet

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

Line Item Description Amount

Finished goods inventory $$17,000$

Prepaid insurance $17,300$

Accounts receivable $44,200$

Work in process inventory $68,000$

Supplies $30,600$

Materials inventory $37,400$

Cash $47,600$

Prepare the $$Current assets$$ section of Diesel Additives Company$$s balance sheet at August $31.$

Diesel Additives Company

Balance Sheet

August $31$

Line Item Description Amount Amount

Current assets:

$$-$ Select $-$

$-$ Select $-$

Inventories:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Total inventories Total inventories

$-$ Select $-$

$-$ Select $-$

Total current assets $Total current assets

Answer rating: 100% (QA)

To prepare the current assets section of Diesel Additives Companys balance sheet at August 31 we nee... View the full answer