Monty Corporation has the following accounts included in its December 31, 2020, trial balance: Accounts Receivable $111,700, Inventory $291,300, Allowance for Doubtful Accounts $8,440, Patents $81,500, Prepaid Insurance $9,530, Accounts Payable $81,200, and Cash $34,400. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)
Monty Corporation has the following accounts included in its December 31,2020 , trial balance: Accounts Receivable $111,700, Inventory $291,300, Allowance for Doubtful Accounts $8,440, Patents $81,500, Prepaid Insurance $9,530, Accounts Payable $81,200, and Cash $34,400. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)
