Question: Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $42,000 Prepaid insurance 26,000 Accounts receivable 105,000

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

Finished goods inventory	$42,000
Prepaid insurance	26,000
Accounts receivable	105,000
Work in process inventory	153,000
Supplies	72,300
Materials inventory	88,250
Cash	117,000

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

Current assets

Inventories

Accounts

Accounts receivable

Accumulated depreciation-equipment

Cash

Equipment

Finished goods

Materials

Prepaid insurance

Supplies

Work in process

Flat Top Company

Balance Sheet

December 31, 2016

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2
3
4
5
6
7
8
9
10	Total current assets

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