Please do not give solution in image format thanku RevenuesCost of Goods Soldearnings first.)BLOSSOM COMPANYIncome StatementFor the Year Ended April 30, 2022BLOSSOM COMPANYRetained Earnings Statement$Prepare a classified balance sheet for Blossom Company as of April 30, 2022. (List Current Assets in order of liquidity)BLOSSOM COMPANYBalance SheetAssets5,100 You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end.Accounts payableAccounts receivableAccumulated depreciation-equipmentCashCommon stockCost of goods soldDepreciation expenseDividendsEquipmentGoodwillIncome tax expenseIncome taxes payableInsurance expenseInterest expenseInventoryInvestment in landInventoryInvestment in landLand$8528106701,340A16,5001,0704253652,4801,30017513034056098012,860Mortgage payable (long-term)Notes payable (short-term)Prepaid insuranceRetained earnings (beginning)Salaries and wages expenseSalaries and wages payableSales revenueStock investments (short-term)98012,8603,3003,00058701,9008002655,1001,600

Financial statements are those statements which are prepared at the end of accounting period. The…

Revenues Cost of Goods Sold earnings first.) BLOSSOM COMPANY Income Statement For the Year Ended April 30, 2022 BLOSSOM COMPANY Retained Earnings Statement Prepare a classified balance sheet for Blossom Company as of April 30, 2022. (List Current Assets in order of liquidity) BLOSSOM COMPANY Balance Sheet Assets 5,100

Revenues Cost of Goods Sold earnings first.) BLOSSOM COMPANY Income Statement For the Year Ended April 30, 2022 BLOSSOM COMPANY Retained Earnings Statement Prepare a classified balance sheet for Blossom Company as of April 30, 2022. (List Current Assets in order of liquidity) BLOSSOM COMPANY Balance Sheet Assets 5,100

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 15EA: The following select account data is taken from the records of Reese Industries for 2019. A. Use the...

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Question

Please do not give solution in image format thanku

Revenues
Cost of Goods Sold
earnings first.)
BLOSSOM COMPANY
Income Statement
For the Year Ended April 30, 2022
BLOSSOM COMPANY
Retained Earnings Statement
$
Prepare a classified balance sheet for Blossom Company as of April 30, 2022. (List Current Assets in order of liquidity)
BLOSSOM COMPANY
Balance Sheet
Assets
5,100

You are provided with the following information for Blossom Company, effective as of its April 30, 2022, year-end.
Accounts payable
Accounts receivable
Accumulated depreciation-equipment
Cash
Common stock
Cost of goods sold
Depreciation expense
Dividends
Equipment
Goodwill
Income tax expense
Income taxes payable
Insurance expense
Interest expense
Inventory
Investment in land
Inventory
Investment in land
Land
$852
810
670
1,340
A
16,500
1,070
425
365
2,480
1,300
175
130
340
560
980
12,860
Mortgage payable (long-term)
Notes payable (short-term)
Prepaid insurance
Retained earnings (beginning)
Salaries and wages expense
Salaries and wages payable
Sales revenue
Stock investments (short-term)
980
12,860
3,300
3,000
58
70
1,900
800
265
5,100
1,600

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