Hi, I need everything filled out, including the balance sheet. Please fill out in the...

80.2K

Verified Solution

Question

Accounting

Hi, I need everything filled out, including the balance sheet. Please fill out in the same format as the pictures provides.
image
image
image
image
image
These items are taken from the financial statements of Blossom Company at December 31, 2022. Buildings $84,640 Accounts receivable 10,080 Prepaid insurance 2,560 Cash 9,472 Equipment 65.920 Land 48,960 Insurance expense 624 Depreciation expense 4,240 Interest expense 2,080 Common stock 48,000 Retained earnings (January 1, 2022) 32.000 Equipment 65,920 Land 48,960 Insurance expense 624 Depreciation expense 4,240 Interest expense 2,080 Common stock 48.000 Retained earnings (January 1, 2022) 32,000 Accumulated depreciation-buildings 36,480 Accounts payable 7,600 Notes payable 74.880 Accumulated depreciation-equipment 14.976 Interest payable 2.880 Service revenue 11.760 Prepare a classified balance sheet. Assume that $10,880 of the note payable will be paid in 2023. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) BLOSSOM COMPANY Balance Sheet Assets $ Prepare a classified balance sheet. Assume that $10,000 of the note payable will be paid in 2022. (int Current Assets in order of liquidity and Property Plant and Equipment in order of Land Buildings and Equipment) BLOSSOM COMPANY Balance Sheet Assets > Liabilities and Stockholders' Equity Listilities and Stockholders' Equity > > >

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students