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Wiew Policies Current Attempt in Progress On June 1, 2022, Blossom Company was started with an initial investment in the company of $20,000 cash. Here
Wiew Policies Current Attempt in Progress On June 1, 2022, Blossom Company was started with an initial investment in the company of $20,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Notes payable Accounts payable Supplies expense Maintenance and repairs expense Service revenue $4,700 4,100 7,600 2,460 400 24,200 20,000 $12,200 600 1,000 610 290 1,500 Supplies Advertising expense Utilities expense Equipment Salaries and wages expense Common stock During June, the company issued no additional stock but paid dividends of $1,140. Prepare an income statement for the month of June. BLOSSOM COMPANY Income Statement For the Month Ended June 30, 2022 Revenues Service Revenue 7,600 Expenses Salaries and Wages Expense 1.500 Advertising Expense Prepare a retained earnings statement for the month of June. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement e Textbook and Media List of Accounts Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity
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