Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount after first determining total assets and total liabilities) (List assets in order of liquidity) Cash Accounts Receivable Inventory Supplies Equipment Total Assets Liabilities Notes Payable Accounts Payable Unearned Service Revenue Salaries and Wages Payable Interest Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Blossom Company Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity 31000 3700 800 4000 500 DO 50000 $ $ 6200 2000 2800 3700 108000 122700 40000

Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount after first determining total assets and total liabilities) (List assets in order of liquidity) Cash Accounts Receivable Inventory Supplies Equipment Total Assets Liabilities Notes Payable Accounts Payable Unearned Service Revenue Salaries and Wages Payable Interest Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Blossom Company Balance Sheet December 31, 2022 Assets Liabilities and Stockholders' Equity 31000 3700 800 4000 500 DO 50000 $ $ 6200 2000 2800 3700 108000 122700 40000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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