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HELP WITH BALANCE SHEET!! The adjusted trial balance of Blossom Financial Planners appears below. Blossom Financial Planners Adjusted Trial Balance December 31, 2020 Debit Credit
HELP WITH BALANCE SHEET!!
The adjusted trial balance of Blossom Financial Planners appears below. Blossom Financial Planners Adjusted Trial Balance December 31, 2020 Debit Credit Cash $4.998 2,346 1,836 14,280 $3,060 3,366 6.120 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Supplies Expense Depreciation Expense Rent Expense 14,892 2,550 4,590 714 2,754 2,550 $ 32,028 $32,028 Using the information from the adjusted trial balance. you are to prepare for the month ending December 31, 2020: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blossom Financial Planners Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue Expenses Supplies Expense $ 714 Depreciation Expense 2.754 Rent Expense 2550 Total Expenses Net Income/(Loss) $ Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. 2. An owner's equity statement Blossom Financial Planners Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, December 14 14,892 Less Net Income /(Loss) 1.428) Drawings 12.550 (3.978) Owner's Capital, December 31 10,914 Attempts: 1 of 1 used (c) 3. A balance sheet. (List Current Assets in order of liquidity.) 3. A balance sheet (List Current Assets in order or guidity) Blossom Financial Planners Balance Sheet For the Year Ended December 31, 2020 For the Month Ended December 31, 2020 December 31, 2020 . $ Liabilities and Owner's Equity $ 3. A balance sheet. (List Current Assets in order of liquidity) Blossom Financial Planners Balance Sheet Assets Liabilities and Owner's Equity Short-Term Investments Total Intangible Assets Long-Term Investments Owner's Equity Intangible Assets Total Liabilities and Owner's Equity Liabilities Total Liabilities Total Assets Save for Later Attempts: 0 of 1 used Submit Answer 3. Abalance sheet. (List Current Assets in order of liquidity) Blossom Financial Planners Balance Sheet Assets $ E Liabilities and Owner's Equity $ Total Liabilities and Owner's Equity Short-Term Investments Owner's Equity Total Assets Intangible Assets Total Liabilities Long-Term Investments Liabilities Total Intangible Assets $ Steforte Attempts: 0 of 1 used Submit Answer Blossom Financial Planners Balance Sheet Assets in un Liabilities and Owner's Equity $ Total Liabilities Owner's Equity Intangible Assets Total Assets Total Liabilities and Owner's Equity Llabilities Short-Term Investments Long-Term Investments Total Intangible Assets Attempts: 0 of 1 used Submit Step by Step Solution
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