Question
The following information is available for Blossom Inc. Accounts receivable $2,976 Cash $7,750 Accounts payable 4,588 Supplies 4,658 Interest payable 728 Unearned service revenue
The following information is available for Blossom Inc. Accounts receivable $2,976 Cash $7,750 Accounts payable 4,588 Supplies 4,658 Interest payable 728 Unearned service revenue 1,054 Salaries and wages expense 5,580 Service revenue 50,732 Notes payable 39,060 Salaries and wages payable 926 Common stock 62,868 Depreciation expense 822 Inventory 3,526 Equipment (net) 134,168 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 Assets $ Liabilities and Stockholders' Equity $ $ $
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