At the end of the year, Eskola Manufacturing had the following balances — Work process 600 — Cash and equivalents 540 000

At the end of the year, Eskola Manufacturing had the following balances.

Work in process ……………………….. $ 43,600

Cash and cash equivalents …………….. 540,000

Finished goods ……………………….. 85,700

Raw materials ………………………… 25,400

Accounts receivable …………………… 237,000

Prepare a partial balance sheet for Eskola’s showing the given accounts.

SOLUTION

Eskola Manufacturing

Partial Balance Sheet