Question: Partially correct answer icon Your answer is partially correct. Included in the December 31 trial balance of Windsor Company are the following assets. Cash $
Partially correct answer icon
Your answer is partially correct.
Included in the December 31 trial balance of Windsor Company are the following assets.
| Cash | $ 266,000 | Work in process | $280,000 | |||
|---|---|---|---|---|---|---|
| Equipment (net) | 1,540,000 | Accounts Receivables (net) | 560,000 | |||
| Prepaid insurance | 57,400 | Patents | 154,000 | |||
| Raw materials | 469,000 | Finished goods | 238,000 |
Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.)
| WINDSOR COMPANY Balance Sheet (Partial) choose the accounting period December 31For the Year Ended December 31For the Quarter Ended December 31 | ||||||
|---|---|---|---|---|---|---|
| select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
| enter a balance sheet item | $enter a dollar amount | |||||
| enter a balance sheet item | enter a dollar amount | |||||
| select an opening subsection name | ||||||
| enter a balance sheet item | $enter a dollar amount | |||||
| enter a balance sheet item | enter a dollar amount | |||||
| enter a balance sheet item | enter a dollar amount | enter a subtotal of the three previous amounts | ||||
| enter a balance sheet item | enter a dollar amount | |||||
| select a closing section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | $ | |||||
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