A list of financial statement items for Wildhorse Co. includes the following: accounts receivable $25,900; prepaid insurance $4,810; cash $19,240; supplies $7,030; and debt investments (short-term) $15,170. Prepare the current assets section of the balance sheet listing the items in the proper sequence.

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.

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