Blossom Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted...
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Blossom Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is shown here. Cash Accounts Receivable Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $ 6,000 480 1,000 800 11,000 400 7,000 1,000 600 100 300 50 $28,730 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Credit $600 3,000 700 300 50 300 11,580 11,000 1,200 $28,730 Journalize the adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Accounts Receivable Service Revenue (To record revenue for services performed) Rent Expense Prepaid Rent (To record prepaid rent) Supplies Expense supplies (To record supplies used) Depreciation Expense Accumulated Depreciation-Equipment (To record monthly depreciation) Interest Expense Interest Payable (To record interest on notes payable) Unearned Rent Revenue Rent Revenue (To record rent earned). Salaries and Wages Expense Salaries and Wages Payable (To record accrued salaries and wages) Debit 1100 1000 800 13 14 3 10 700 750 720 Credit 1100 []]]] [[ 1000 800 700 750 720 Prepare an income statement for the 3 months ending September 30, 2022. BLOSSOM CO. Income Statement $ V $ $ Prepare a classified balance sheet at September 30. (List current assets in order of liquidity.) SALT CREEK GOLF INC. Balance Sheet ▼ Assets 0000 $ $ Prepare a retained earnings statement for the 3 months ending September 30. (List Items that increase retained earnings first.) SALT CREEK GOLF INC. Retained Earnings Statement Blossom Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is shown here. Cash Accounts Receivable Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit $ 6,000 480 1,000 800 11,000 400 7,000 1,000 600 100 300 50 $28,730 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Credit $600 3,000 700 300 50 300 11,580 11,000 1,200 $28,730 Journalize the adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Sept. 30 Accounts Receivable Service Revenue (To record revenue for services performed) Rent Expense Prepaid Rent (To record prepaid rent) Supplies Expense supplies (To record supplies used) Depreciation Expense Accumulated Depreciation-Equipment (To record monthly depreciation) Interest Expense Interest Payable (To record interest on notes payable) Unearned Rent Revenue Rent Revenue (To record rent earned). Salaries and Wages Expense Salaries and Wages Payable (To record accrued salaries and wages) Debit 1100 1000 800 13 14 3 10 700 750 720 Credit 1100 []]]] [[ 1000 800 700 750 720 Prepare an income statement for the 3 months ending September 30, 2022. BLOSSOM CO. Income Statement $ V $ $ Prepare a classified balance sheet at September 30. (List current assets in order of liquidity.) SALT CREEK GOLF INC. Balance Sheet ▼ Assets 0000 $ $ Prepare a retained earnings statement for the 3 months ending September 30. (List Items that increase retained earnings first.) SALT CREEK GOLF INC. Retained Earnings Statement
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Related Book For
Financial Accounting
ISBN: 9781119594598
11th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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