(b) Prepare the current assets section of the balance sheet for Blossom Company. Assume that in addition to the receivables it has cash of $91,500, inventory of $135,700, and prepaid insurance of $9,800. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet (Partial) > $ e Textbook and Media During its first year of operations, Blossom Company had credit sales of $3.777.200: $647,800 remained uncollected at year-end. The credit manager estimates that $41.900 of these receivables will become uncollectible. (a) Your Answer Correct Answer (Used) Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Bad Debt Expense Debit Credit 41.900 Allowance for Doubtful Accounts 41.900