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Prepare a balance sheet at June 30, 2025. (List assets in order of liquidity) BLOSSOM SERVICE CO. Balance Sheet Assets Liabilities and Stockholders' Equity
Prepare a balance sheet at June 30, 2025. (List assets in order of liquidity) BLOSSOM SERVICE CO. Balance Sheet Assets Liabilities and Stockholders' Equity eTextbook and Media Liabilities and Stockholders' Equity $ On June 1, 2025, Blossom Service Co. was started with an initial investment in the company of $20,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the revenues and expenses for the month of June, its first month of operations: Cash $4,700 Notes payable $12,200 Accounts receivable 4,100 Accounts payable 600 Service revenue 7,600 Supplies expense 1,000 Supplies 2,460 Maintenance and repairs expense 610 Advertising expense 400 Utilities expense 290 Equipment 24,200 Salaries and wages expense 1,500 Common stock. 20,000 During June, the company issued no additional stock but paid dividends of $1,140. (a1) Prepare an income statement for the month of June. BLOSSOM SERVICE CO. Income Statement For the Month Ended June 30, 2025 Revenues Service Revenue Expenses Advertising Expense Supplies Expense Maintenance and Repairs Expense Utilities Expense Salaries and Wages Expense 400 i 1000 i 610 290 i 1500 Total Expenses Net Income/(Loss) eTextbook and Media 7600 3800 i 3800 Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BLOSSOM SERVICE CO. Retained Earnings Statement For the Month Ended June 30, 2025 Retained Earnings, June 1 Add : Net Income/(Loss) Less : Dividends: Retained Earnings, June 30 v eTextbook and Media List of Accounts i 3800 3800 -1140 i 2660 Attempts: unlimited
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