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

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.