Question
Exercise 4-03 a1-a3 The adjusted trial balance columns of the worksheet for Blossom Company are as follows. The owner did not make any additional investments
Exercise 4-03 a1-a3 The adjusted trial balance columns of the worksheet for Blossom Company are as follows. The owner did not make any additional investments in the business in April. BLOSSOM COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Account Titles: Adjusted Trial Balance Dr. Cash Accounts Receivable 11,600 7,400 Prepaid Rent 2,400 Equipment 22,700 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,300 Owner's Capital 28.590 Owner's Drawings 3,800 Service Revenue 15,600 Salaries and Wages Expense 10,600 Rent Expense 700 Depreciation Expense 690 Interest Expense. 70 Interest Payable Totals 20 59,960 59,960 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLOSSOM COMPANY Income Statement y Prepare an owner's equity statement. (List items that increase owner's equity first.) BLOSSOM COMPANY Owner's Equity Statement Prepare a classified balance sheet. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets Liabilities and Owner's Equity
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