Blossom Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated...

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Blossom Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 7,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 2,880 Salaries and Wages Payable 0 Supplies 2,600 Unearned Service Revenue 31,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Blossom Company borrowed $10,800 by signing a 9%, one-year note on September 1, 2022. 2. A count of supplies on December 31, 2022, indicates that supplies of $960 are on hand. 3. Depreciation on the equipment for 2022 is $1,300. 4. Blossom paid $2,880 for 12 months of insurance coverage on June 1, 2022. 5. On December 1, 2022, Blossom collected $31,000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Blossom performed consulting services for a client in December 2022. The client will be billed $3,500. 7. Blossom pays its employees total salaries of $5,100 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022. Blossom Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 7,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 2,880 Salaries and Wages Payable 0 Supplies 2,600 Unearned Service Revenue 31,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Blossom Company borrowed $10,800 by signing a 9%, one-year note on September 1, 2022. 2. A count of supplies on December 31, 2022, indicates that supplies of $960 are on hand. 3. Depreciation on the equipment for 2022 is $1,300. 4. Blossom paid $2,880 for 12 months of insurance coverage on June 1, 2022. 5. On December 1, 2022, Blossom collected $31,000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Blossom performed consulting services for a client in December 2022. The client will be billed $3,500. 7. Blossom pays its employees total salaries of $5,100 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022.