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Blossom Inc's general ledger at Aprit 30, 2021, included the following: Cash $4,000; Supplies $300; Equipment $20,000; Accounts Earnings $6,200. The following transactions occurred during
Blossom Inc's general ledger at Aprit 30, 2021, included the following: Cash $4,000; Supplies $300; Equipment $20,000; Accounts Earnings $6,200. The following transactions occurred during May: May 1 Paid rent for the month of May, $1,000. 4 Paid $1,100 of the account payable outstanding at April 30. 7 Issued gift certificates for future services for $1,500cash. 15 Received $2,000 from customers for services performed to date. 15 Paid $1,200 in salaries to employees. 17 Customers receiving services worth $700 used gift certificates in payment. 18 Paid the remaining accounts payable from April 30. 22 Purchased supplies of $700 on account. 24 Received a bill for advertising for $500. This bill is due on June 22. 25 Received and paid a utilities bill for $400, 28 Received $2,100 from customers for services per formed. 29 Customers receiving services worth $600 used gift certificates in payment. 30 Interest of $50 was paid on the bank loan. 31 Paid $1,200 in salaries to employees. 31 Paid income tax instalment for the month, $150. Deferred Revenue Bank Loan Payable Commonshares Retained Earnings Scrvice Revenue 5alaries Expense Rent Expense Advertising Expense May 24 : Bal. Utilities Expense May 25 Bal. Interest Expense May 30 \begin{tabular}{|} 50 \\ \hline \end{tabular} Bal. Income Tax Expense May 31 Bal
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