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A list of financial statement items for Blossom Corporation includes the following: accounts receivable $12,500; cash $14,400; inventory $7,000; supplies $2,200; prepaid insurance $1,900; accumulated
A list of financial statement items for Blossom Corporation includes the following: accounts receivable $12,500; cash $14,400; inventory $7,000; supplies $2,200; prepaid insurance $1,900; accumulated depreciation-buildings $31,000; accumulated depreciation-equipment $23,000; buildings $108,000; equipment $68,000; and land $63,000. Prepare the assets section of the statement of financial position. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) $
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