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

Question:

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

Finished goods inventory................$ 89,400

Supplies.............................................$ 13,800

Prepaid insurance..................................9,000

Materials inventory..............................26,800

Accounts receivable...........................348,200

Cash.....................................................167,500

Work in process inventory..................61,100

Prepare the Current Assets section of Diesel Additives Company's balance sheet at August 31.

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...