Question: Partial balance sheet data for Lawson Company at December 31, 2010, are as follows: Finished goods inventory ....... $10,000 Prepaid insurance .......... 10,000 Accounts receivable
Partial balance sheet data for Lawson Company at December 31, 2010, are as follows:
Finished goods inventory ....... $10,000
Prepaid insurance .......... 10,000
Accounts receivable ......... 26,000
Work in process inventory ........ 40,000
Supplies .............. $18,000
Materials inventory .......... 22,000
Cash ............... 28,000
Prepare the Current Assets section of Lawson Company’s balance sheet at December 31,
2010.
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