1. a.) Prepare journal entries for the transactions listed above

b.) prepare adjusted trial balances

c.) prepare income statement

d.)prepare earning statements for the month end

e.) prepare a classified balance sheet

Blossom Company's balance sheet at December 31, 2021, is presented below. Blossom Company Balance Sheet December 31, 2021 Cash $13,850 Accounts payable $8,650 Accounts receivable 21,200 Common stock 19.000 Allowance for doubtful accounts (810) Retained earnings 15,800 Inventory 9.210 $43.450 $43.450 During January 2022, the following transactions occurred. Blossom uses the perpetual inventory method. Jan. 1 Blossom accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $3,600 account. 3 Blossom wrote off as uncollectible the accounts of Walter Corporation ($400) and Drake Company ($200). 8 Blossom purchased $18,420 of inventory on account. 11 Blossom sold for $25,500 on account inventory that cost $16,150. 15 Blossom sold inventory that cost $770 to Jack Rice for $1,100. Rice charged this amount on his Visa First Bank card. The service fee charged Blossom by First Bank is 3%. 17 Blossom collected $21,800 from customers on account. 21 Blossom paid $17,640 on accounts payable. 24 Blossom received payment in full ($200) from Drake Company on the account written off on January 3. 27 Blossom purchased advertising supplies for $1,330 cash. 31 Blossom paid other operating expenses, $3,050. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2022, accounts receivable. 3. A count of advertising supplies on January 31, 2022 reveals that $540 remains unused. 4. The income tax rate is 30%. (Hint: Prepare the income statement up to Income before taxes and multiply by 30% to compute the amount; round to whole dollars.) (You may want to set up T-accounts to determine ending balances.)