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The following information is available for Blossom Inc. Accounts receivable $1,920 Cashi $5,000 Accounts payable 2,960 Supplies 3,008 Interest payable 464 Unearned service revenue 680
The following information is available for Blossom Inc. Accounts receivable $1,920 Cashi $5,000 Accounts payable 2,960 Supplies 3,008 Interest payable 464 Unearned service revenue 680 Salaries and wages expense 3,600 Service revenue 32,736 Notes payable 25,200 Salaries and wages payable 596 Common stock Inventory 40,560 2,272 Depreciation expense 536 Equipment (net) 86,560 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount.) (List Assets in order of liquidity) Blossom, Inc. Balance Sheet December 31, 2022 Cash Accounts Receivable Equipment I Inventory Supplies Total Assets: Blossom, Inc. Balance Sheet December 31, 2022 Assets 5,000 1,920 86,560 Y 2,272 3,008 $ 98,760 Liabilities Notes Payable Accounts Payable Unearned Service Revenue Salaries and Wages Payable Interest Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity 25,200 2,960 680 596 464 40.560 60 29,900 40,620 98.260
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