Exercise 7-14 x Your answer is incorrect. Try again. Selected account balances for Blossom Company at January 1, 2020, are presented below. Accounts Payable Accounts Receivable Cash Inventory $14,700 21,300 17,300 13,000 Blossom's sales journal for January shows a total of $111,000 in the selling-price column, and its one-column purchases journal for January shows total of $77,700. The column totals in Blossom's cash receipts journal are Cash Dr. 560,000; Sales Discounts Dr. $1,900; Accounts Receivable Cr. $44,900; Sales Revenue Cr. 56,700; and Other Accounts Cr. $10,300. The column totals in Blossom's cash payments journal for January are Cash Cr. $54,000; Inventory Cr. $2,200; Accounts Payable Dr. $46,300; and Other Accounts Dr. 59,900. Hulse's total cost of goods sold for January is $63,100. Accounts Payable, Accounts Receivable, Cash, Inventory, and Sales Revenue are not involved in the Other Accounts column in either the cash receipts or cash payments journal, and are not involved in any general journal entries. Compute the January 31 balance for Blossom in the following accounts. a. Accounts Payable 14700 b. Accounts Receivable 21300 C. Cash 17300 d. Inventory 13000 e. Sales Revenue 111000