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Blossom Company was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30,
Blossom Company was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $18,056 in the revenue column includes Service Revenue: $17,202 and Rent Revenue: $854. The $12,399 in the expense column includes Salaries and Wages $10,736, Rent $1,098, and Utilities $565. Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accts. Rec. Prepd. + Supplies + Rent + Equip. Acc. Depr.- Equip. Notes = Accts. Pay. + Pay. + Sal./Wages Pay. Unearn. + Int. Pay + Rent. Rev. + Com. Stock + Rev. Exp. Div Bal. 8.174 + 488 + 1,464 + 2,196 + 18,300 = 6.100 + 1.297 + 0 + 0 + 1,220 + 17,080 + 18,056 12,399 - 732 Adj. 1. Adj. 2. Adj. 3. Adj. 4. Adj. 5. Adj. 6. Adj. 7 Adj. Bal. 8,174 + 1,220 + 228 + 1,098 + 18,300 427 = 6,100 + 1,297 + 732 + 61 + 976 + 17,080 + 19,032. 15,953 732
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