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Exercise 1-09 al-a3 An analysis of the transactions made by Blossom & Co., a certified public accounting firm, for the month of August is shown
Exercise 1-09 al-a3 An analysis of the transactions made by Blossom & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,400 for salaries and wages, and $500 for utilities. Accounts Accounts + Receivable + Supplies + Equipment = Payable + Owner's Owner's Capital - Drawings + Revenues - Expenses $14,900 1. 2. $4,000 $2,400 3. Cash $14,900 -1,600 -800 4,600 -1,200 -1,300 $800 4. $4,100 $8,700 5. -1,200 6. -$1,300 7. -650 -$650 8. -350 350 -4,400 9. -4,400 -500 10. 500 Assume that August is the company's first month of business. LINK TO TEXT Your answer is partially correct. Try again. Prepare a balance sheet at August 31, 2020. (List Assets in order of liquidity.) BLOSSOM & CO. Balance Sheet August 31, 2020 Assets Cash Accounts Receivable Supplies Equipment Total Assets Liabilities and Owner's Equity dddd) do Liabilities Accounts Payable Owner's Equity Owner's Capital Total Liabilities and Owner's Equity Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT search O 99+
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