Question: At December 3 1 , 2 0 2 4 , Blossom Industries reports the following selected accounts from the unadjusted trial balance for its first

At December 31,2024, Blossom Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations:
Accounts Payable - credit $420,000
Accounts Receivable - debit $840,000
Cash -Debit $48,000
Cost of goods sold -debit $ 2,100,000
Interest receivable -debit $1,350
Interest revenue - credit $2,700
Merchandise inventory - debit $390,000
notes receivable, due april 10,2025- debit $54,000
Prepaid insurance - debit $9,600
Sales - credit $4,908,000
Sales returns and alliwances - debit $120,000
Short term investments - debit $60,000
Unearned revenue - credit $30,000
Prepare the current assets section of the balance sheet for blossom industries on dec 31,2024.

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