Question: 17. Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 Accounts receivable

17.

Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows:

Finished goods inventory $41,750
Prepaid insurance 27,250
Accounts receivable 105,500
Work in process inventory 155,000
Supplies 71,600
Materials inventory 87,500
Cash 110,000

Prepare the Current Assets section of Flat Top Companys balance sheet at December 31, 2016. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries.

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