Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows Finished goods inventory $ 40,250 Prepaid insurance 27,500 Accounts receivable 105,000 Work in process inventory 157,500 Supplies 71,300 Materials inventory 87,500 Cash 112,000 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 Labels to use Current assets Inventories Accounts Accounts receivable Accumulated depreciation equipment Cash Equipment Finished goods Materials Prepaid insurance Supplies Work in process Prepare the Current Assets section of Flat Top Company's 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 Flat Top Company December 31, 2016 1 Label) 4 Label) 10 Total current assets

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Question: Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $ 40,250 Prepaid insurance 27,500 Accounts receivable

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

Finished goods inventory	$ 40,250
Prepaid insurance	27,500
Accounts receivable	105,000
Work in process inventory	157,500
Supplies	71,300
Materials inventory	87,500
Cash	112,000

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.

Labels to use:

Current assets
Inventories
Accounts
Accounts receivable
Accumulated depreciation-equipment
Cash
Equipment
Finished goods
Materials
Prepaid insurance
Supplies
Work in process

Partial balance sheet data for Flat Top Company at December 31, 2016,

Prepare the Current Assets section of Flat Top Company's 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 Flat Top Company December 31, 2016 1 Label) 4 Label) 10 Total current assets

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