Question

Current Assests

Included in the December 31 trial balance of Blossom Company are the following assets.

Cash


$  408,500

Work in process


$430,000

Equipment (net)


2,365,000

Accounts Receivables (net)


860,000

Prepaid insurance


88,150

Patents


236,500

Raw materials


720,250

Finished goods


365,500


Prepare the current assets section of the December 31 balance sheet

    

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