Question: In alphabetical order below are current asset items for Wallace Companys balance sheet at December 31, 2012. Prepare the current assets section (including a complete

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

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