Please do not give solution in image format thanku The following information is available for Blossom Company for the year ended December 31, 2022:Accounts payableStock investments (long-term)Accumulated depreciation, equipmentRetained earningsCommon stockIntangible assetsNotes payable (due in 5 years)Accounts receivableCashDebt investments (short-term)LandEquipment4,3008,0003,00014,8004,0002,0005,0001,2002,4002,5009,0006,000Use the above information to prepare a classified balance sheet for the year ended December 31, 2022. (List Current assets in order ofliquidity.) <<BLOSSOM COMPANYBalance SheettAAssets

Balance sheet:A balance sheet is a statement of assets, liability, and equity. It is prepared after…

Answered: Use the above information to prepare a…

Use the above information to prepare a classified balance sheet for the year ended December 31, 2022. (List Current assets in order of liquidity)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please do not give solution in image format thanku

The following information is available for Blossom Company for the year ended December 31, 2022:
Accounts payable
Stock investments (long-term)
Accumulated depreciation, equipment
Retained earnings
Common stock
Intangible assets
Notes payable (due in 5 years)
Accounts receivable
Cash
Debt investments (short-term)
Land
Equipment
4,300
8,000
3,000
14,800
4,000
2,000
5,000
1,200
2,400
2,500
9,000
6,000
Use the above information to prepare a classified balance sheet for the year ended December 31, 2022. (List Current assets in order of
liquidity.)

<
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BLOSSOM COMPANY
Balance Sheet
tA
Assets

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