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  3. the following additional information is provided:

The following additional information is provided: 1. Cash includes $800 in a petty cash fund...

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Accounting

imageimage The following additional information is provided: 1. Cash includes $800 in a petty cash fund and $13,000 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following three items: (a) accounts receivable-debit balances $99,780; (b) accounts receivable-credit balances $8,000; (c) allowance for doubtful accounts $7,000. 3. Inventory costing $5,595 was shipped out on consignment on June 30,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,595 were recognized on these consigned goods. 4. Equipment had a cost of $263,780 and an accumulated depreciation balance of $76,780. 5. Taxes payable of $21,500 were accrued on June 30 . Blossom Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the taxes payable amount. Prepare a corrected classified balance sheet as of June 30, 2025, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity.)

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