Prepare an income statement for July.

  

Income Statement Prepare a statement of owner's equity for July. $($List items that increase owner's equity first.$)$

  

 

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A tabular summary of the transactions for Blossom & Co., an accounting firm, for its first month of operations, July 2021, follows: Accounts Prepaid Cash + Receivable + Insurance + Equipment = 1 $18,000 $7,000 2 -4,000 8,000 3 -750 4 3,500 5 -2,000 6 -3,100 7 -800 8 1,350 9 -3,800 10 $4,900 -1,350 $750 Accounts Payable + $4,000 -2,000 520 B. Blossom, Capital $25,000 B. Blossom, - Drawings + Revenues -$3,100 $8,400 A tabular summary of the transactions for Blossom & Co., an accounting firm, for its first month of operations, July 2021, follows: Accounts Prepaid Cash + Receivable + Insurance + Equipment = 1 $18,000 $7,000 2 -4,000 8,000 3 -750 4 3,500 5 -2,000 6 -3,100 7 -800 8 1,350 9 -3,800 10 $4,900 -1,350 $750 Accounts Payable + $4,000 -2,000 520 B. Blossom, Capital $25,000 B. Blossom, - Drawings + Revenues -$3,100 $8,400

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Answer To prepare the income statement and statement of owners equity for Blossom 6 Co for July 2021 ... View the full answer