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Adjustment data: 1. Supplies on hand totaled $2,600. 2. Depreciation is $13,000 on the equipment. 3. Interest of $5,000 is accrued on notes payable at

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Adjustment data:

1. Supplies on hand totaled $2,600.
2. Depreciation is $13,000 on the equipment.
3. Interest of $5,000 is accrued on notes payable at November 30.
4. Inventory actually on hand is $43,900

Please complete the worksheet

image text in transcribed

The trial balance of Blossom Company contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Blossom Company Trial Balance November 30, 2019 Credit Debit $ 8,700 29,800 44,200 6,200 130,000 $ 27,000 52,000 47,300 45,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense 12,500 756,000 8,800 497,000 139,600 24,300 13,900 11,600 16,700 24,000 $967,300 Totals $967,00 $967,300 Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash $8,700 $ $ $ $ $ $ $ Accounts Receivable 29,800 Inventory 44,200 Supplies 6,200 Equipment 130,000 Accum. Depreciation-Equipment $27,000 Notes Payable 52,000 Accounts Payable 47,300 Common Stock 45,000 Retained Earnings 40,000 Dividends 12,500 Sales Revenue 756,000 Sales Returns and Allowances 8,800 Cost of Goods Sold 497,000 Salaries and Wages Expense 139,600 Advertising Expense 24,300 Utilities Expense 13,900

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