Question
Blossom Company had the following trial balance at June 30, 2021 (its year end). Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenue Blossom,
Blossom Company had the following trial balance at June 30, 2021 (its year end). Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Unearned Revenue Blossom, Capital Totals Debit Credit $5,700 700 1,100 8,640 $3,600 1,300 11,240 $16,140 $16,140 During the month of July, the following selected transactions took place: July 2 Paid $600 cash for rent for July, August, and September. 10 Purchased $100 of supplies for cash. 14 Collected the full balance of accounts receivable. 20 20 Received $600 cash from a customer for services to be provided in August. 25 Provided $1,200 of services for a customer and immediately collected cash. Additional information: 1. At July 31, the company had provided $700 of services for a customer that it had not billed or recorded. 2. Supplies on hand at July 31 were $700. 3. The equipment has a six-year useful life. 4. As at July 31, the company had performed services of $800 that had been paid in advance and was recorded as unearned revenue.
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