Exercise 3-7 a-e (Part Level Submission) Selected transactions for the Blossom Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $18,500 cash. 2 Performed $8,200 of services on account for a customer. 4 Purchased equipment for $11,200, paying $5,400 in cash and borrowing the balance from the bank. 10 Purchased $460 of supplies on account. 25 Received $4,900 cash in advance for architectural services to be provided next month. 30 Paid $276 on account in partial payment of amount owing for supplies. (See September 10 transaction.) 30 Collected $4,700 on account owing from customer (see September 2 transaction). Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue Bank Loan Payable Common Shares Service Revenue