A list of financial statement items for Sheridan Company includes the following: accounts receivable $18,900; prepaid insurance $3,510; cash $14,040; supplies $5,130; and debt investments (short-term) $11,070. Prepare the current assets section of the balance sheet listing the items in the proper sequence.

                                         Sheridan Company

                              The current assets section of

             Statement of Financial position as on MM DD, YY

Current Asset:

Cash                                          $14,040

Debt investments (short-term) $11,070

Accounts receivable                 $18,900

Prepaid insurance                     $3,510

Supplies                                    $5,130  

Total Current Asset                                    $52,650

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