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All the accounts have normal balances. The information below has been gathered at December 3 1 , 2 0 2 2 . Interest will be

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 $11,200 by signing a 9%, one-year note on September 1,2022.
2. A count of supplies on December 31,2022, indicates that supplies of $870 are on hand.
3. Depreciation on the equipment for 2022 is $1,400.
4. Blossom paid $2,160 for 12 months of insurance coverage on June 1,2022.
5. On December 1,2022, Blossom collected $32,000 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 $4,400.
7. Blossom pays its employees total salaries of $5,500 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.

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