Question: Current Attempt in Progress The December 31, 2021, adjusted trial balance of Blossom Company includes the following accounts: Accounts receivable Prepaid insurance $13,000 Patents
Current Attempt in Progress The December 31, 2021, adjusted trial balance of Blossom Company includes the following accounts: Accounts receivable Prepaid insurance $13,000 Patents $3,500 1,300 Unearned revenue 2,800 Goodwill 8,000 Cash 14,800 Supplies 3.800 Short-term investments 6,500 Vehicles 20,000 Merchandise inventory 8,500 Notes receivable (due February 1, 2023) 4.800 Determine which accounts are current assets and prepare the current assets section of the balance sheet as at December 31, 2021, with the accounts in order of decreasing liquidity. (List Current Assets in order of decreasing liquidity) BLOSSOM COMPANY Balance Sheet (Partial)
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