Listed below are current asset items for Lester Company at December 31 2016. $$\begin{array} { l r l r }
\text { Finished goods inventory } & \$ 35,000 & \text { Short-term investments } & \$ 25,000 \
\text { Cash } & 22,000 & \text { Raw materials inventory } & 17,000 \
\text { Prepaid expenses } & 2,000 & \text { Work in process inventory } & 23,000 \
\text { Accounts receivable } & 4,000 & \text { Supplies } & 500
\end{array}$$ Instructions
Prepare the current assets section of the balance sheet. (Include a complete heading.)

Question

Listed below are current asset items for Lester Company at December 31 2016. $$\begin{array} { l r l r } 
\text { Finished goods inventory } & \$ 35,000 & \text { Short-term investments } & \$ 25,000 \
\text { Cash } & 22,000 & \text { Raw materials inventory } & 17,000 \
\text { Prepaid expenses } & 2,000 & \text { Work in process inventory } & 23,000 \
\text { Accounts receivable } & 4,000 & \text { Supplies } & 500
\end{array}$$ Instructions
Prepare the current assets section of the balance sheet. (Include a complete heading.)

Quizplus · Accepted Answer

The Answer of Listed below are current asset items for Lester Company at December 31 2016. $$\begin{array} { l r l r } 
\text { Finished goods inventory } & \$ 35,000 & \text { Short-term investments } & \$ 25,000 \
\text { Cash } & 22,000 & \text { Raw materials inventory } & 17,000 \
\text { Prepaid expenses } & 2,000 & \text { Work in process inventory } & 23,000 \
\text { Accounts receivable } & 4,000 & \text { Supplies } & 500
\end{array}$$ Instructions
Prepare the current assets section of the balance sheet. (Include a complete heading.)

Listed Below Are Current Asset Items for Lester Company at December