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Prepare the current assets section of the balance sheet

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Reference no: EM131802936

Exercise 1- Listed below are current asset items for Lester Company at December 31, 2016.

Finished goods inventory
 $35,000
Cash
 22,000
Prepaid expenses
 2,000
Accounts receivable
 4,000
Short-term investments
 25,000
Raw materials inventory
 17,000
Work in process inventory
 23,000
Supplies
 500

Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)

Reference no: EM131802936

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