june 302022raw materials inventory 7/11$57300accounts receivable $37100raw materials inventory 6/30/2241100 Factory Insurance 5400finished goods inventory...

60.1K

Verified Solution

Question

Accounting

june 302022raw materials inventory 7/11$57300accounts receivable $37100raw materials inventory 6/30/2241100 Factory Insurance 5400finished goods inventory 7/1/2198800 Factory machine depreciation 16600finished goods inventory 6/30/2229500 factory utilities 31200work in process inventory 7/1/2124200office utilites expense 9350work in process inventory 6/30/2221500sales revenue 561200direct labor 141450 sales discounts 5100indirect labor 24660factory manager salary 64200factory property taxes 9910factory repairs 1700raw materials purchases 96900cash 38300prepare a cost of goods manufactured schedule
The following data were taken from the record's of Tamarisk Company for the fiscal year ended June 30,2022.
\table[[Raw Materials Inventory 7/1/21,$57,300,Accounts Receivable,$37,100
Prepare the current assets section of the balance sheet at June 30,2022.(List Current Assets in order of liquidity.)
TAMARISK COMPANY Balance Sheet (Partial)
June 30,2022
ASSETS
Cash
Income Summary
$
$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students