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26 June, 18:04

A list of financial statement items for Sheridan Company includes the following: accounts receivable $18,900; prepaid insurance $3,510; cash $14,040; supplies $5,130; and debt investments (short-term) $11,070. Prepare the current assets section of the balance sheet listing the items in the proper sequence.

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  1. 26 June, 18:27
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    Sheridan Company

    The current assets section of

    Statement of Financial position as on MM DD, YY

    Current Asset:

    Cash $14,040

    Debt investments (short-term) $11,070

    Accounts receivable $18,900

    Prepaid insurance $3,510

    Supplies $5,130

    Total Current Asset $52,650
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