Prepare an income statement for the year. The owner did not make any new investments during the year.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

BLOSSOMCOMPANY

Income Statement

choose the accounting period

For the Month Ended July 31, 2020

For the Year Ended July 31, 2020

July 31, 2020

select an opening name for section one

Drawings

Expenses

Net Income / (Loss)

Owner's Capital, August 1, 2019

Owner's Capital, July 31, 2020

Revenues

Total Expenses

Total Revenues

enter an income statement item

$

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section one

Drawings

Expenses

Net Income / (Loss)

Owner's Capital, August 1, 2019

Owner's Capital, July 31, 2020

Revenues

Total Expenses

Total Revenues

$

enter a total amount for section one

select an opening name for section two

Drawings

Expenses

Net Income / (Loss)

Owner's Capital, August 1, 2019

Owner's Capital, July 31, 2020

Revenues

Total Expenses

Total Revenues

enter an income statement item

$

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

enter a dollar amount

select a closing name for section two

Drawings

Expenses

Net Income / (Loss)

Owner's Capital, August 1, 2019

Owner's Capital, July 31, 2020

Revenues

Total Expenses

Total Revenues

enter a total amount for section two

select a closing name for this statement

Drawings

Expenses

Net Income / (Loss)

Owner's Capital, August 1, 2019

Owner's Capital, July 31, 2020

Revenues

Total Expenses

Total Revenues

$

enter a total net income or loss amount