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mina [271]
3 years ago
14

A list of fi nancial statement items for Chin Company includes the following: accounts receivable $14,000, prepaid insurance $2,

600, cash $10,400, supplies $3,800, and debt investments (short-term) $8,200. Prepare the current assets section of the balance sheet listing the items in the proper sequence.
Business
1 answer:
Arturiano [62]3 years ago
6 0

Answer:

Explanation:

Data provided in the question:

Accounts receivable = $14,000

Prepaid insurance = $2,600

cash = $10,400

supplies = $3,800

Debt investments (short-term) = $8,200

Now,

Balance sheet listing the items in the proper sequence is as follows

Current Assets                              Amount

Cash                                                 $10,400

Debt investments (short term)        $8,200

Accounts receivables                      $14,000

Supplies                                            $3800

Prepaid Insurance                            $2,600

=================================================================

Total current assets                         $39,000

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