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Blossom company income statement. Comparative balance sheet and income statement 4. T TAN NDU TR ES LTD. In reviewing the statement you discover the following.
0001013762-12-002284 CONFORMED SUBMISSION TYPE. Prepare the closing entries at December 31. Blossom Company records all prepayments in income statement accounts.
The income statement of Blossom Company for the month of July shows net income of 3310 based on Service Revenue 7210 Salaries and Wages Expense 2220 Supplies Expense 960 and Utilities Expense 720. Prepare the sales section of the income statement based on this information. Blossom Company was organized on April 1 2021 by Trudy Crawford.
Problem 2-6A Condensed balance sheet and income statement. Blossoms balance sheet contained the following comparative data at December. Cost Of Goods Sold 540000 Selling General And Administrative Expenses 60000 Other Net 40000 Total Costs And Expenses 640000 Income Before.
We have audited the accompanying consolidated balance sheets of Green Dragon Wood Products Inc. Credit account titles are automatically indented when amount is entered. From the trial balance prepared by a part-time bookkeeper Trudy prepared the following income statement for the quarter that ended March 31 2022.
And its subsidiaries the Company as of March 31 2013 and 2012 and the related consolidated statements of operations and comprehensive income cash flows and changes in stockholders equity for the years ended March 31 2013 and 2012. At April 30 the trial balance shows Supplies Expense 2200 Service Revenue 9400 and. Trudy is a good manager but a poor accountant.
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