Question

1. Manufacturing Company Balance Sheet

   Partial balance sheet data for Upper Crust Company at August 31 are as follows:

   Finished goods inventory	$129,800
   Prepaid insurance	13,100
   Accounts receivable	505,700
   Work in process inventory	88,200
   Supplies	20,300
   Materials inventory	38,900
   Cash	243,400

   Prepare the Current Assets section of Upper Crust Company’s balance sheet at August 31.

   Upper Crust Company
   Balance Sheet
   August 31
   Current assets:
   		$fill in the blank 2
   		fill in the blank 4
   Inventories:
   	$fill in the blank 6
   	fill in the blank 8
   	fill in the blank 10
   Total inventories		fill in the blank 11
   		fill in the blank 13
   		fill in the blank 15
   Total current assets		$fill in the blank 16

Answer 1

Answer
Diesel Additive Company
Balance Sheet
31-Aug
Current assets
Cash		$         243,400
Accounts receivables		$         505,700
Inventories
Materials Inventory	$           38,900
Work-in-process Inventory	$           88,200
Finished goods Inventory	$         129,800
Total Inventories		$         256,900
Supplies		$           20,300
Prepaid Insurance		$           13,100
Total current assets		$      1,039,400