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A list of financial statement items for Blossom Company includes the following: accounts receivable $22,400; prepaid insurance $4,160; cash $16,640; supplies $6,080; and debt investments

A list of financial statement items for Blossom Company includes the following: accounts receivable $22,400; prepaid insurance $4,160; cash $16,640; supplies $6,080; and debt investments (short-term) $13,120. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.) BLOSSOM COMPANY Partial Balance Sheet

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Understanding Financial Accounting

Authors: Christopher D. Burnley

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