The completed financial statement columns of the spreadsheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2022 Account Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,700 112 Accounts Receivable 10,600 130 Prepaid Insurance 2.600 157 Equipment 23.500 158 Accumulated Depreciation-Equip. 4,300 201 Accounts Payable 8.800 212 Salaries and Wages Payable 2.200 301 Owner's Capital 19.000 306 Owner's Drawings 11.800 400 Service Revenue 59.500 622 Maintenance and Repairs Expense 1.400 711 Depreciation Expense 2,900 722 Insurance Expense 1,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The completed financial statement columns of the spreadsheet for Blossom Company are shown as follows:
Blossom Company
Worksheet
For the Year Ended December 31, 2022
Account
Income Statement
Balance Sheet
No.
Account Titles
Dr.
Cr.
Dr.
Cr.
101
Cash
8,700
112
Accounts Receivable
10,600
130
Prepaid Insurance
2.600
157
Equipment
23.500
158
Accumulated Depreciation-Equip.
4,300
201
Accounts Payable
8.800
212
Salaries and Wages Payable
2.200
301
Owner's Capital
19.000
306
Owner's Drawings
11.800
400
Service Revenue
59.500
622
Maintenance and Repairs Expense
1.400
711
Depreciation Expense
2,900
722
Insurance Expense
1,600
Transcribed Image Text:The completed financial statement columns of the spreadsheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2022 Account Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,700 112 Accounts Receivable 10,600 130 Prepaid Insurance 2.600 157 Equipment 23.500 158 Accumulated Depreciation-Equip. 4,300 201 Accounts Payable 8.800 212 Salaries and Wages Payable 2.200 301 Owner's Capital 19.000 306 Owner's Drawings 11.800 400 Service Revenue 59.500 622 Maintenance and Repairs Expense 1.400 711 Depreciation Expense 2,900 722 Insurance Expense 1,600
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