A list of financial statement items for Blossom Company at June 30, 2022 includes the following: Accounts receivable $ 18,800 Prepaid insurance $ 6,500 Cash $ 21,500 Supplies $ 1,400 Debt investments $ 5,700 Prepare the current assets section of the June 30, 2022 balance sheet listing the items in the proper sequence. (List Current asset

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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BLOSSOM COMPANY
Balance Sheet (PARTIAL)
Assets
$
%24
Transcribed Image Text:BLOSSOM COMPANY Balance Sheet (PARTIAL) Assets $ %24
A list of financial statement items for Blossom Company at June 30, 2022 includes the following:
Accounts receivable
$ 18,800
Prepaid insurance
$ 6,500
Cash
$ 21,500
Supplies
$ 1,400
Debt investments
$ 5,700
Prepare the current assets section of the June 30, 2022 balance sheet listing the items in the proper sequence. (List Current assets in
order of liquidity.)
Transcribed Image Text:A list of financial statement items for Blossom Company at June 30, 2022 includes the following: Accounts receivable $ 18,800 Prepaid insurance $ 6,500 Cash $ 21,500 Supplies $ 1,400 Debt investments $ 5,700 Prepare the current assets section of the June 30, 2022 balance sheet listing the items in the proper sequence. (List Current assets in order of liquidity.)
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