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(c) Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the previous part.) 9/1 9/5
(c) Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the previous part.) 9/1 9/5 9/8 9/14 9/25 9/30 Bal Cash > > > Accounts Receivable Equipment Accounts Payable Common Stock Dividends < < Post the transactions to T-accounts and determine manth-end balances. (Post entries in the order of journal entries presented in the previous part) < < Accounts Receivable Equipment Accounts Payable Common Stock Dividends Service Revenue Salaries and Wages Expense Cash < < Accounts Payable Common Stock Dividends Service Revenue Salaries and Wages Expense Dividends Service Revenue Salaries and Wages Expense Selected transactions for Blossom Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21,000 cash received from investors. 5 Purchased equipment for $9,190, paying $3.470 in cash and the balance on account. 8 Performed services on account for $20,200. 14 Paid salaries of $3,400. 25 Paid $3,250 cash on balance owed for equipment. 30 30 Paid $930 cash dividend. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Sept. 1 Account Titles and Explanation Cash Common Stock Sept. 5 Equipment Cash Accounts Payable Debit Credit 21000 9190 Sept. 8 V Accounts Receivable 20200 Service Revenue Sept. 14 v Salaries and Wages Expense 3400 Sept 25 Cash Accounts Payable Cash Sept. 30 Dividends Cash 21000 3470 5720 20200 3400 3250 3250 930 930
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