Brief Exercise 4-10 The balance sheet debit column of the worksheet for Jolie Company includes the following accounts: Accounts Receivable $12,500, Prepaid Insurance $4,500, Cash $4,100, Supplies $5,200, and Debt Investments (short-term) $7,600. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.)

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Business

Clarence Jennings

26 August, 08:30

Brief Exercise 4-10 The balance sheet debit column of the worksheet for Jolie Company includes the following accounts: Accounts Receivable $12,500, Prepaid Insurance $4,500, Cash $4,100, Supplies $5,200, and Debt Investments (short-term) $7,600. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List Current Assets in order of liquidity.)

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Karissa Shields · Answer 1

Current Assets (in order of liquidity)

Cash $4,100

Debt Investments (Short-term) $7,600

Accounts Receivable $12,500

Supplies $5,200

Prepaid Insurance $4,500