In alphabetical order below are current asset items for Ruiz Companys balance sheet at December 31, 2012.

Question:

In alphabetical order below are current asset items for Ruiz Company’s at December 31, 2012. 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

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...