Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owners Capital		Owners Drawings	+	Revenues		Expenses
1.		$14,000										$14,000
2.		2,000						$4,000		$2,000
3.		650				$650
4.		4,600		$2,900												$7,500
5.		1,000								1,000
6.		1,000												$1,000
7.		550																$550
8.		350		350
9.		3,800																3,800
10.										300								300

Assume that August is the companys first month of business.

Prepare an income statement for August 31, 2020.

BLOSSOM & CO. Income Statement For the Year Ended August 31, 2020August 31, 2020For the Month Ended August 31, 2020
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments
		$
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments
	$
Drawings Expenses Net Income / (Loss) Owners Capital, August 1 Owners Capital, August 31 Revenues Total Expenses Total Revenues Investments
DrawingsExpensesNet Income / (Loss)Owners Capital, August 1Owners Capital, August 31RevenuesTotal ExpensesTotal RevenuesInvestments		$