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Prepare an income statement for the month ended October

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Reference no: EM132935003

Question - Blossom Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement items for Blossom Company.

Accounts payable $91,000 N

Woods, capital, October 1, 2021 $36,100

Accounts receivable 78,500N

Woods, drawings 6,000

Advertising expense 3,500

Rent expense 2,000

Cash 60,200

Service revenue 23,100

Using the appropriate items, prepare an income statement for the month ended October 31, 2021.

Reference no: EM132935003

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