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I JUST NEED A2 SOLVED Blossom Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of
I JUST NEED A2 SOLVED
Blossom Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2022 No. Account Titles Credit Debit $8,000 101 Cash 112 Accounts Receivable 9,000 157 Equipment 16,200 158 Accumulated Depreciation-Equip. $7.300 201 Accounts Payable 4.000 208 Unearned Rent Revenue 2,200 301 Owner's Capital 45.100 306 Owner's Drawings 15,800 400 Service Revenue 64.300 429 Rent Revenue 6,300 711 Depreciation Expense 8.900 726 Salaries and Wages Expense 56,000 732 Utilities Expense 15,300 $129.200 $129,200 (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) BLOSSOM COMPANY Income Statement $ $ $ $ Save for Later Attempts: 0 of 1 used Submit Answer Allempus: 101 (22) Prepare an owner's equity statement for the year. Blossom did not make any capital investments during the year. BLOSSOM COMPANY Owner's Equity Statement $ $ Save for Later Attempts: 0 of 1 used SubmitStep by Step Solution
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