Accounts receivable Accounts payable Interest payable Salaries and wages exp Notes payable Common stock Inventory $2.000 3,700 500 4,000 Cash Supplies Unsered service revenue Salaries and wage payable Depreciation expense 31,000 50.000 Equipment ( 2,800 Blossom Company Balance Sheet $6,200 3,700 800 700 600 ing the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained samings amount fer first determining total assets and total abilities) (List assets in order of liquidity) Assets 108,000
Accounts receivable Accounts payable Interest payable Salaries and wages exp Notes payable Common stock Inventory $2.000 3,700 500 4,000 Cash Supplies Unsered service revenue Salaries and wage payable Depreciation expense 31,000 50.000 Equipment ( 2,800 Blossom Company Balance Sheet $6,200 3,700 800 700 600 ing the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained samings amount fer first determining total assets and total abilities) (List assets in order of liquidity) Assets 108,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information la avallable for Blossom Company
Accounts receivable
Accouna payable
Interest payable
Salaries and was expe
Notas payable
Common stock
Inventory
$2.000
3,700
500
4,000
31,000
50,000
2,800
Cash
Supplies
Uneared service revenue
Salaries and wage payable
Depreciation expense
Equipment (
Blossom Company
Balance Sheet
Assets
$6,200
3,700
800
700
Using the information above, prepare a balance sheet as of December 31, 2022 (Hint: Solve for the missing retained earnings amount
after fra determining total assets and total abilities) (List assets in order of liquidity)
$S
600
108,000
Liabilities and Stockholders' Equity
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