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Question 6 of 6 View Policies -15 E Current Attempt in Progress Blossom's Home Renovations was started in 2008 by Jim Blossom. Jim operates
Question 6 of 6 View Policies -15 E Current Attempt in Progress Blossom's Home Renovations was started in 2008 by Jim Blossom. Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021. and the revenues, expenses, and drawings For the year ended December 31, 2021 Accounts payable $8,163 Operating expenses $3.371 Accounts receivable 10,387 Prepaid insurance 1.978 Cash 8.498 Salaries expense 87.353 Equipment 28.575 Service revenue 157419 Insurance expense 2,545 Supplies 701 Interest expense 1.038 Supplies expense 19,752 JBlossom, drawings 45,416 Unearned revenue 15,407 Notes payable 30,838 Vehicles 41,800 Jim's capital at the beginning of 2021 was $39,587. He made no investments during the year. Prepare the income statement.
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