Please do not give solution in image format thanku Other financial data for the year ended December 31, 2025:Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The lastpayment is due December 29, 2026.During the year, estimated tax payments of $519000 were charged to income tax expense. The current and future tax rate onall types of income is 30%.In Blossom's December 31, 2025 balance sheet, the current assets total is$6161000.O $5052000.O $5642000.O $5494500. The following trial balance of Blossom Corp. at December 31, 2025 has been properly adjusted.CashBlossom Corp.Trial BalanceDecember 31, 2025Accounts receivable (net)InventoryProperty, plant, and equipment (net)Accounts payable and accrued liabilitiesIncome taxes payableDeferred income tax liabilityCommon stockAdditional paid-in capitalRetained earnings, 1/1/25Net sales and other revenuesCosts and expensesIncome tax expense$Dr.87200026900002080000756000011150000519000$24871000Cr.$ 17580006500008300023400003675000348000012885000$24871000

The balance sheet represents the financial position of the business with assets and liabilities on a…

Other financial data for the year ended December 31, 2025: Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The last payment is due December 29, 2026. . During the year, estimated tax payments of $519000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Blossom's December 31, 2025 balance sheet, the current assets total is O $6161000. O $5052000 O $5642000.

Other financial data for the year ended December 31, 2025: Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The last payment is due December 29, 2026. . During the year, estimated tax payments of $519000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Blossom's December 31, 2025 balance sheet, the current assets total is O $6161000. O $5052000 O $5642000.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 9PA: Noren Company uses the balance sheet aging method to account for uncollectible debt on receivables....

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