Question: Problem 2-3 You are provided with the following information for Blossom Company, effective as of its April 30, 2017, year-end. Accounts payable Accounts receivable Accumulated






Problem 2-3 You are provided with the following information for Blossom Company, effective as of its April 30, 2017, year-end. Accounts payable Accounts receivable Accumulated depreciation equipment 910 Cash 670 1,370 1,200 1,090 305 355 2,520 195 165 Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable 430 1,067 3,200 3,600 161 1,600 670 Salaries and wages payable Sales revenue Stock investments (short-term) 252 5,200 1,270 Prepare an income statement for Blossom Company for the year ended April 30, 2017. (Enter negative amounts using elther a negative sign preceding the number e.. -45 or parentheses e.g. (45):) Blossom Company Income Statement Prepare a classified balance sheet for Blossom Company as of April 30, 2017. (List current assets in order of liquidity.) Blossom Company Balance Sheet Assets CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERS Liabilities and Stockholders' Equity Click if you would like to Show Work for this questioni Qen Show Work
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