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Current Attempt in Progress The following information is available for Blossom Company Accounts receivable $2,000 Cash $6,200 Accounts payable 3,700 Supplies 3,700 Interest payable
Current Attempt in Progress The following information is available for Blossom Company Accounts receivable $2,000 Cash $6,200 Accounts payable 3,700 Supplies 3,700 Interest payable 500 Unearned service revenue 800 Salaries and wages expense 4,000 Salaries and wages payable 700 Notes payable 31,000 Depreciation expense 600 Common stock 50,000 Equipment (net) 108,000 Inventory 2,800 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount after first determining total assets and total liabilities.) (List assets in order of liquidity) Blossom Company Balance Sheet Cash Accounts Receivable Inventory Supplies Equipment Total Assets December 31, 2022 Assets 6200 2000 2800 3700 108000 122700 Liabilities Notes Payable Accounts Payable Unearned Service Revenue Liabilities and Stockholders' Equity 31000 3700 800 Salaries and Wages Payable) 4000 Interest Payable 500 Total Liabilities: Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 50000 40000
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