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

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; dogs;