This is the trial balance of Blossom Company on September 30. BLOSSOM...
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Accounting
This is the trial balance of Blossom Company on September 30.
BLOSSOM COMPANYTrial BalanceSeptember 30, 2022
Debit
Credit
Cash
$23,580
Accounts Receivable
6,980
Supplies
4,960
Equipment
10,860
Accounts Payable
$9,180
Unearned Service Revenue
3,960
Common Stock
19,380
Retained Earnings
13,860
$46,380
$46,380
The October transactions were as follows.
Oct. 5
Received $1,420 in cash from customers for accounts receivable due.
10
Billed customers for services performed $5,300.
15
Paid employee salaries $1,290.
17
Performed $560 of services in exchange for cash.
20
Paid $1,950 to creditors for accounts payable due.
29
Paid a $350 cash dividend.
31
Paid utilities $390.
(a)
Correct answer icon
Your answer is correct.
Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.
Cash
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Cash
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Cash
Accounts Receivable
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Accounts Receivable
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Accounts Receivable
Supplies
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Supplies
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Supplies
Equipment
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Equipment
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Equipment
Accounts Payable
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Accounts Payable
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Accounts Payable
Unearned Service Revenue
choose a transaction date 10/1Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Unearned Service Revenue
choose a transaction date 10/1 Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Unearned Service Revenue
Common Stock
choose a transaction date 10/1Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Common Stock
choose a transaction date 10/1Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Common Stock
Retained Earnings
choose a transaction date 10/1Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Retained Earnings
choose a transaction date 10/1Bal.10/510/1010/1510/1710/2010/2910/31
enter the opening balance for Retained Earnings
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
(b)
Correct answer icon
Your answer is correct.
Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date Oct. 5Oct. 10Oct. 15Oct. 17Oct. 20Oct. 29Oct. 31
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
eTextbook and Media
List of Accounts
(c)
Post to the ledger accounts. (Post entries in the order of information presented in the question.)
Cash
10/1
Bal.
23,580
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Accounts Receivable
10/1
Bal.
6,980
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Supplies
10/1
Bal.
4,960
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Equipment
10/1
Bal.
10,860
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Accounts Payable
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
10/1
Bal.
9,180
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Unearned Service Revenue
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
10/1
Bal.
3,960
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Common Stock
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
10/1
Bal.
19,380
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Retained Earnings
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
10/1
13,860
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Dividends
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Service Revenue
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Salaries and Wages Expense
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
Utilities Expense
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit amount
choose a transaction date 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit amount
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a debit balance
choose the end date of the accounting period 10/110/510/1010/1510/1710/2010/2910/31Bal.
enter a credit balance
(d)
Prepare a trial balance on October 31, 2022.
BLOSSOM COMPANYTrial Balance choose an accounting period October 31, 2022For the Month Ended October 31, 2022For the Year Ended October 31, 2022
Debit
Credit
enter an account title
$enter a debit balance
$enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
$enter a total for the debit column
$enter a total for the credit column
Answer & Explanation
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