In alphabetical order below are current asset items for Dieker Companys balance sheet at December 31, 2010.

Question:

In alphabetical order below are current asset items for Dieker Company’s balance sheet at December 31, 2010. Prepare the current assets section (including a complete heading).

Accounts receivable ......$200,000

Cash........... 62,000

Finished goods........ 71,000

Prepaid expenses........ 38,000

Raw materials ........73,000

Work in process ........87,000

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...