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Blue Spruce Company ended its fiscal year on July 31, 2019. The company's adjusted trial...

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Accounting

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Blue Spruce Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Blue Spruce Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,700 112 Accounts Receivable 9,500 157 Equipment 15,500 158 Accumulated Depreciation-Equip. $7,300 201 Accounts Payable 5,000 208 Unearned Rent Revenue 1,600 311 Common Stock 16,000 320 Retained Earnings 29,000 332 Dividends 16,000 400 Service Revenue 64,500 429 Rent Revenue 711 Depreciation Expense 7,500 726 Salaries and Wages Expense 56,400 732 Utilities Expense 15,300 $129,900 $129,900 6,500 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Company Income Statement Blue Spruce Company Retained Earnings Statement e Textbook and Media List of Accounts Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Blue Spruce Company Balance Sheet Assets Liabilities and Stockholders' Equity

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