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The Following Items Are Taken from the Financial Statements of Gray's

Question 67

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The following items are taken from the financial statements of Gray's Postal Service for the year ending December 31, 2021: The following items are taken from the financial statements of Gray's Postal Service for the year ending December 31, 2021:   The current assets should be listed on Gray's Postal Service's balance sheet in the following order: A) cash, accounts receivable, prepaid insurance, equipment. B) cash, prepaid insurance, supplies, accounts receivable. C) cash, accounts receivable, prepaid insurance, supplies. D) equipment, supplies, prepaid insurance, accounts receivable, cash. The current assets should be listed on Gray's Postal Service's balance sheet in the following order:


A) cash, accounts receivable, prepaid insurance, equipment.
B) cash, prepaid insurance, supplies, accounts receivable.
C) cash, accounts receivable, prepaid insurance, supplies.
D) equipment, supplies, prepaid insurance, accounts receivable, cash.

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