Accounting Cycle Review 15 a-e

Blossom Corporations trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below.

		Debit		Credit
Cash		$26,600
Accounts Receivable		51,000
Inventory		22,600
Land		63,700
Buildings		94,400
Equipment		30,000
Allowance for Doubtful Accounts				$440
Accumulated DepreciationBuildings				29,500
Accumulated DepreciationEquipment				12,600
Accounts Payable				19,500
Interest Payable				0
Dividends Payable				0
Unearned Rent Revenue				8,000
Bonds Payable (10%)				54,000
Common Stock ($10 par)				27,000
Paid-in Capital in Excess of ParCommon Stock				5,400
Preferred Stock ($20 par)				0
Paid-in Capital in Excess of ParPreferred Stock				0
Retained Earnings				33,960
Treasury Stock		0
Cash Dividends		0
Sales Revenue				590,000
Rent Revenue				0
Bad Debt Expense		0
Interest Expense		0
Cost of Goods Sold		391,000
Depreciation Expense		0
Other Operating Expenses		37,700
Salaries and Wages Expense		63,400
Total		$780,400		$780,400

Unrecorded transactions and adjustments:

1.		On January 1, 2020, Blossom issued 1,200 shares of $20 par, 6% preferred stock for $27,600.
2.		On January 1, 2020, Blossom also issued 1,000 shares of common stock for $25,000.
3.		Blossom reacquired 290 shares of its common stock on July 1, 2020, for $46 per share.
4.		On December 31, 2020, Blossom declared the annual cash dividend on the preferred stock and a $1.30 per share dividend on the outstanding common stock, all payable on January 15, 2021.
5.		Blossom estimates that uncollectible accounts receivable at year-end is $5,100.
6.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $5,900.
7.		The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,000.
8.		The unearned rent was collected on October 1, 2020. It was receipt of 4 months rent in advance (October 1, 2020 through January 31, 2021).
9.		The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2020, has not been paid or recorded. A--PREPARE JOURNAL ENTRIES FOR THE TRANSACTIONS AND ADJUSTMENT LISTED ABOVE B--PREPARE AN UPDATES DECEMBER 31,2020, TRIAL BALANCE, REFLECTING THE JOURNAL ENTRIES IN PART (A) C--PREPARE A MULTIPLE-STEP INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31,2020 D--PREPARE A RETAINED EARNINGS STATEMENT FOR THE YEAR ENDING DECEMBER 31,2020 E--PREPARE A CLASSIFIED BALANCE SHEET AS OF DECEMBER 31,2020 PLEASE HELP ME OUT. ACCOUNTING WAS NEVER MY BEST SUBJECT......