Ahrens inc is preparing its january balance sheet. ahrens has $3,100 in supplies to be converted in march, $4,700 notes receivable to be converted in august, $800 in prepaid insurance to be converted in april, and $6,200 in accounts receivable to be converted in june. in what order should ahrens list these assets?

Assets should be listed down based on its liquidity. The more liquid it is, the higher its place in the balance sheet.

$3,100 in Supplies to be converted in March,
$4,700 Notes Receivable to be converted in August,
$800 in Prepaid Insurance to be converted in April, and
$6,200 in Accounts Receivable to be converted in June

The assets should be listed in this order:
Supplies                      $3,100
Prepaid Insurance          $800
Accounts Receivable   $6,200
Notes Receivable         $4,700