In alphabetical order below are current asset items for Roland Companys balance sheet at December 31, 2020.

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In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020. 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 ............................................83,000
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...
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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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