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Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown
Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows. Adjusted Dr. Cr. $ 8,800 11,400 600 1,200 18,900 $ 750 Blossom Company Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,800 Accounts Receivable 10,400 Supplies 1,550 Prepaid Rent 2,250 Equipment 18,900 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,200 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,900 Common Stock 22,400 Dividends 1,650 Service Revenue 17,720 Rent Revenue 1,360 Salaries and Wages Expense 8,100 Rent Expense 1,950 Depreciation Expense Supplies Expense Utilities Expense 1,480 Interest Expense $ 55,080 $ 55,080 9,200 2,500 720 92 1,000 22,400 1,650 18.720 2,260 8,820 3,000 750 950 1,480 92 $57,642 $ 57,642 $ 57,642
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