Question: On January 1 , 2 0 2 2 , Blossom Corporation had the following stockholders equity accounts. During the year, the following transactions occurred. (

On January

1, 2022,

Blossom

Corporation had the

following stockholders

equity accounts.

During the year, the following transactions occurred.

(

)

Journalize the transactions and the closing entries for net

income and dividends.

(

Credit account titles are

automatically indented when amount is entered. Do not indent

manually. If no entry is required, select

"

No Entry" for the

account titles and enter

0

for the amounts. Record journal entries

in the order presented in the problem.

)

DateAccount Titles and ExplanationDebitCreditchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title

enter a debit amountenter a credit amountenter an account title

enter a debit amountenter a credit amountchoose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title to close net incomeenter a debit amountenter a credit amountenter an account title to close net incomeenter a debit amountenter a credit amount

(

To close net income

)

choose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title to close stock dividendsenter a debit amountenter a credit amountenter an account title to close stock dividendsenter a debit amountenter a credit amount

(

To close stock dividends

)

choose a transaction date

Jan

. 1

Jan.

5

Feb.

1

Mar.

1

Apr

. 1

July

1

July

31

Dec.

1

Dec.

31

enter an account title to close cash dividendsenter a debit amountenter a credit amountenter an account title to close cash dividendsenter a debit amountenter a credit amount

(

To close cash dividends

)

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