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Prepare the current assets section of the December

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Reference no: EM132621232

Question - Included in the December 31 trial balance of Crane Company are the following assets.

Cash

$199,500

Work in process

$210,000

Equipment (net)

1,155,000

Accounts Receivables (net)

420,000

Prepaid insurance

43,050

Patents

115,500

Raw materials

351,750

Finished goods

178,500

Required - Prepare the current assets section of the December 31 balance sheet.

Reference no: EM132621232

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