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Prepare the balance sheet at August 31. (List Assets in order of liquidity.) Prepare the income statement for the year. BLOSSOM COMPANY Income Statement For
Prepare the balance sheet at August 31. (List Assets in order of liquidity.)
Prepare the income statement for the year. BLOSSOM COMPANY Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 35500 Rent Revenue 11700 Total Revenues 47200 Expenses Salaries and Wages Expense 17800 Supplies Expense 1800 Rent Expense 15000 Insurance Expense 1100 Depreciation Expense 1200 Total Expenses 36900 Net Income /(Loss) $ 10300 Attemnts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Prepare the owner's equity statement for the year. BLOSSOM COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Owner's Capital, September 1.2019 $ 14,600 Add: Net Income / (Loss) 10300 Owner's Capital, August 31, 2020 $ 24900 Attempts: 1 of 1 used Prepare the income statement for the year. BLOSSOM COMPANY Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 35500 Rent Revenue 11700 Total Revenues 47200 Expenses Salaries and Wages Expense 17800 Supplies Expense 1800 Rent Expense 15000 Insurance Expense 1100 Depreciation Expense 1200 Total Expenses 36900 Net Income /(Loss) $ 10300 Attemnts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Prepare the owner's equity statement for the year. BLOSSOM COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Owner's Capital, September 1.2019 $ 14,600 Add: Net Income / (Loss) 10300 Owner's Capital, August 31, 2020 $ 24900 Attempts: 1 of 1 usedStep by Step Solution
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