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The adjusted trial balance for Blossom Company is given below: BLOSSOM COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr.

The adjusted trial balance for Blossom Company is given below:

BLOSSOM COMPANY Trial Balance August 31, 2017

Before Adjustment

After Adjustment

Dr. Cr. Dr. Cr.
Cash $11,390 $11,390
Accounts Receivable 8,840 9,530
Supplies 2,720 1,070
Prepaid Insurance 4,140 2,750
Equipment 16,870 16,870
Accumulated DepreciationEquipment $3,796 $4,996
Accounts Payable 5,030 5,030
Salaries and Wages Payable 0 1,310
Unearned Rent Revenue 1,880 950
Common Stock 13,330 13,330
Retained Earnings 5,990 5,990
Dividends 2,590 2,590
Service Revenue 33,340 34,030
Rent Revenue 13,140 14,070
Salaries and Wages Expense 16,320 17,630
Supplies Expense 0 1,650
Rent Expense 13,636 13,636
Insurance Expense 0 1,390
Depreciation Expense 0 1,200

$76,506

$76,506

$79,706

$79,706

Prepare the income statement for the year ended August 31.

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