Exercise 1-09 dc An analysis of the transactions made by Blossom Company, a certified public accounting firm, for the month of August, its first month of operations is shown below. Assets Liabilities + Accounts Accounts + Receivable + Supplies + Equipment - Payable + Cash Stockholders' Equity Retained Earnings Expenses - Dividend Common Stock +$14,700 + Revenues 1. 2. 3. +$5,200 +$3,000 +$800 +$3,800 +$9,000 Service Revenue +$14,700 -2,200 -800 +5,200 -1,700 -3,000 -800 +500 -4,150 5. 6. 7. -1,700 -$3,000 Rent Expense -$800 -500 8. 9. -4,150 -650 Salaries/Wages Expen: Utilities Expense 10. +650 Prepare an income statement for August. Blossom Company Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 9000 Total Revenues Rent Expense $ 800 Salaries and Wages Expense 4150 Utilities Expense 650 Total Expenses 5600 Net Income / (Loss) 3400 Prepare an retained earnings statement for August. (List items that increase retained earnings first.) Blossom Company Retained Earnings Statement $ CALC Prepare a balance sheet at August 31, 2020. (List Assets in order of liquidity.) Blossom Company Balance Sheet Assets $ Liabilities and Stockholders' Equity CALCUL Liabilities and Stockhoklers' Equity Question Attempts: 0 of 2 us