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A list of financial statement items for Blossom Company includes the following: accounts receivable $28,000, prepaid insurance $5,200, cash $20,800, supplies $7,600, and debt investments
A list of financial statement items for Blossom Company includes the following: accounts receivable $28,000, prepaid insurance $5,200, cash $20,800, supplies $7,600, and debt investments (short-term) $16,400. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List Current Assets in order of liquidity.)
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