Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows Finished goods inventory $39,000 Prepaid insurance 26,250 Accounts receivable 104,500 Work in process inventory 156,500 Supplies 70,100 Materials inventory 89,750 Cash 119,000 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 and Accounts Labels Current assets Inventories Accounts Accounts receivable Accumulated depreciation equipment Cash Equipment Finished goods Materials Prepaid insurance Supplies Work in process Balance Sheet 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 Flat Top Company Balance Sheet December 31, 2016 1 2 3 4 5 6 7 8 9 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 $39,000 Prepaid insurance 26,250 Accounts receivable 104,500

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

Finished goods inventory	$39,000
Prepaid insurance	26,250
Accounts receivable	104,500
Work in process inventory	156,500
Supplies	70,100
Materials inventory	89,750
Cash	119,000

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 and Accounts

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

Balance Sheet

Flat Top Company

Balance Sheet

December 31, 2016

1
2
3
4
5
6
7
8
9
10	Total current assets

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