Blossom Computer Corporation had the following opening account balances at the end of April: Cash $ 5,400; Accounts Receivable $6,400; Accounts Payable $ 2,000; Common Shares $ 5,500; and Retained Earnings $ 4,300. It entered into the following transactions during the month of May:

1.

Purchased equipment on account for $ 8,500.

2.

Paid $ 1,600 for rent for the month of May.

3.

Provided computer services for $ 4,100 on account.

4.

Paid Ontario Hydro $ 200 cash for utilities used in May.

5.

Borrowed $ 21,000 from the bank.

6.

Paid supplier for equipment purchased in transaction 1.

7.

Purchased a one-year accident insurance policy for $ 600 cash.

8.

Received $ 3,100 cash in partial payment of the account owed in transaction 3.

9.

Declared and paid $ 500 of dividends to shareholders.

10.

Paid income tax of $ 280 for the month.

Prepare an equation analysis of the effects of the opening balances and above transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.)

		Assets								=	Liabilities			+	Shareholders Equity
		Cash		Accounts Receivable		Prepaid Insurance		Equipment		=	Accounts Payable		Bank Loan Payable	+			Retained Earnings
Transaction															Common Shares		Balance		+ Revenues		- Expenses		- Dividends Declared
Apr. 30 Bal.		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance			$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance		$ Enter the opening balance
1.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
2.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
3.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
4.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
5.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
6.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
7.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
8.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
9.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
10.		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount			Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount
Total		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		=	$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column		$ Enter a total amount for this column

Determine the total assets and the total liabilities and shareholders' equity.

Total Assets		$ Enter the total assets in dollars
Total Liabilities and Shareholders' Equity		$ Enter the total liabilities and shareholders' equity in dollars