Account No. 101 112 130 157 158 201 212 301 306 400 622 711 722 726...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Account No. 101 112 130 157 158 201 212 301 306 400 622 711 722 726 732 Worksheet For the Year Ended December 31, 2020 Income Statement Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income Dr. 1,800 3,200 2,000 30,200 1,600 Cr. 60,100 Balance Sheet Dr. 9,000 10,600 2,800 24,100 10,300 60,100 56,800 38,800 21,300 60,100 60,100 56,800 Cr. 4,300 8,900 2,300 20,000 35,500 21,300 56,800 BLOSSOM COMPANY Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 Add ▾ Drawings Add ▾ Net Income / (Loss) Owner's Capital, December 31 $ 20000 10300 Account No. 101 112 130 157 158 201 212 301 306 400 622 711 722 726 732 Worksheet For the Year Ended December 31, 2020 Income Statement Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income Dr. 1,800 3,200 2,000 30,200 1,600 Cr. 60,100 Balance Sheet Dr. 9,000 10,600 2,800 24,100 10,300 60,100 56,800 38,800 21,300 60,100 60,100 56,800 Cr. 4,300 8,900 2,300 20,000 35,500 21,300 56,800 BLOSSOM COMPANY Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 Add ▾ Drawings Add ▾ Net Income / (Loss) Owner's Capital, December 31 $ 20000 10300
Expert Answer:
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
The completed financial statement columns of the worksheet for Niho Company are shown below. Instructions (a) Prepare an income statement, owners equity statement, and a classified balance sheet. S....
-
The completed financial statement columns of the spreadsheet for Bray Company are shown as follows. Instructions. a . Prepare an income statement, an owner's equity statement, and a classified...
-
The completed financial statement columns of the worksheet for Muddy Company are shown below. Instructions(a) Prepare an income statement, an owner??s equity statement, and a classified balance...
-
Find the point on the plane z = x + y + 1 closest to the point P = (1, 0, 0). Minimize the square of the distance.
-
From the general journal in Figure, record to the accounts receivable subsidiary ledger and post to the general ledger accounts asappropriate. General Journal Account Titles and Explanations Date...
-
Suppose Arthur Kessel places an order to buy 100 shares of Google. Explain how the order will be processed if its a market order. Would it make any difference if it had been a limit order? Explain.
-
Discuss the link between cash flows and value creation. What roles do timing and risk play in the value creation process?
-
Seigel, a seventy-three-year-old man, was injured at one of Giant Foods retail food stores when a bottle of Coca-Cola exploded as he was placing a six-pack of Coke into his shopping cart. The...
-
Explain the USMT process 1.The steps to prepare for the migration 2.Where do you start the migration? 3.What commandallowsyou to perform the migration? 4. What every switch in the command mean? 5....
-
Prepare a December 31 trial balance for Jindal Company using the following information and fill in the missing amount for Equipment (assume all data are correct). Cash Accounts payable Services...
-
A. B. Rayton Ltd. is planning to purchase a new machine to replace the old one in the firm's processing plant. It is estimates that the machine would cost $250,000 in five years' time. i. Given that...
-
In Figure P8.4, a \(70 \mathrm{~kg}\) man walks out on a \(10 \mathrm{~kg}\) beam that rests on, but is not attached to, two supports. When the beam just starts to tip, what is the force exerted on...
-
A vendor hangs an \(8.0 \mathrm{~kg}\) sign in front of his shop with a cable held away from the building by a lightweight pole. The pole is free to pivot about the end where it touches the wall, as...
-
A person runs \(1 \mathrm{~km}\). How does his speed affect the total energy needed to cover this distance? A. A faster speed requires less total energy. B. A faster speed requires more total energy....
-
Figure P9.74 shows a \(100 \mathrm{~g}\) puck revolving at \(100 \mathrm{rpm}\) on a 20-cm-radius circle on a frictionless table. A string attached to the puck passes through a hole in the middle of...
-
Above-average depiction of a true story. Coach Don Haskins molded a winning basketball team at Texas Western University in the early 1960s, eventually fielding an all-black starting five against an...
-
Texas municipalities with fewer than 5,000 people are chartered as home-rule cities. municipal districts. general law cities. hamlets.
-
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
-
On June 1, Cindy Godfrey started Divine Designs Co., a company that provides craft opportunities, by investing $12,000 cash in the business. Following are the assets and liabilities of the company at...
-
Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18 a $200 credit memo is received from the supplier for damaged goods. Give the journal entry on July...
-
Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Instructions (a) Diagram the behavior of each...
-
What are the pros and cons of virtual teams? What are some of the potential legal issues an organization can encounter with virtual teams?
-
What are the five stages of team development? Describe each stage and how those stages may appear as behaviors in a health care setting.
-
What are the differences among an onsite team, a virtual team, a task force, and a committee? What are some of the potential differences in dynamics between people in these different groups?
Study smarter with the SolutionInn App