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Darya [45]
2 years ago
7

In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable

$220,000 Cash 83,000 Finished goods 89,000 Prepaid expenses 44,000 Raw materials 94,000 Work in process 92,000 Prepare the current assets section.
Business
1 answer:
leva [86]2 years ago
7 0

Answer:

Total Current assets = $622,000

Explanation:

<u>Balance sheet (For the year ending)</u>

<u>Current asses                   Amount     </u>

Accounts receivable        $220,000

Cash                                  $83,000

Stock                                 $275,000

Finished goods $89,000  

Raw materials   $94,000

W.I.P                  $92,000

<u>Prepaid expenses            $44,000     </u>

<u>Total Current assets        $622,000  </u>

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