A list of financial statement items for Blossom Company includes the following: Accounts receivable $30,100
Prepaid insurance $5,590
Cash $22,360
Supplies $8,170
Debt investments (short-term) $17,630.

Required:
Prepare the current assets section of the balance sheet listing the items in the proper sequence.

Total current assets            $83,580

Explanation:

The preparation of the current assets section of the balance sheet is shown below:

Current Assets                  Amounts

Cash                                   $22,360

Debt investments(short term) $17,360

Accounts receivables     $30,100

Supplies                             $8,170

Prepaid Insurance              $5,590

Total current assets            $83,580

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