Can someone help me solve these charts? Thank you
Question 1 of 1 > - / 30 View Policies Current Attempt in Progress Blossom Company's balance sheet at December 31, 2021. is presented below. Blossom Company Balance Sheet December 31, 2021 $13,270 Accounts payable 20.200 Common stock Cash $9.520 Accounts receivable 22.000 Allowance for doubtful accounts 10,770 Inventory (790) Retained earnings 9,610 $42,290 $42.290 During January 2022. the following transactions occurred, Blossom uses the perpetual inventory method. Jan Blossom accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $6,000 account. 1 3 Blossom wrote off as uncollectible the accounts of Walter Corporation ($500) and Drake Company ($300). 8 Blossom purchased $16,810 of inventory on account. 11 Blossom sold for $22,600 on account inventory that cost $16,040. 15 Blossom sold inventory that cost $740 to Jack Rice for $900. Rice charged this amount on his Visa First Bank card. The service fee charged Blossom by First Bank is 3%. 17 Blossom collected $24,500 from customers on account. 21 Blossom paid $17.450 on accounts payable. 24 Blossom received payment in full ($300) from Drake Company on the account written off on January 3. 27 Blossom purchased advertising supplies for $1.480 cash. 31 Blossom paid other operating expenses. $3.190. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2022, accents receivable. 3. A count of advertising Supplies on January 31, 2022. reveals that $550 remains unused, 4. The income tax rate is 30%. (Hint: Prepare the income statement up to Income before taxes and multiply by 30% to compute the amount;round to whole dollars) (You may want to set up T-accounts to determine ending balances) Prepare journal entries for the transactions listed above and adjusting entries. (Include entries for cost of goods sold using the perpetual inventory system) (Round answers to decimal places, es 1.250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Debit Account Titles and Explanation Question 1 of 1 > -/30 Prepare journal entries for the transactions listed above and adjusting entries. Include entries for cost of goods sold using the perpetual inventory system.) (Round answers to decimal places, e.g. 1,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit To record sales revenues.) I To record cost of goods sold.) (To record sales revenues and service charges.) etv A MacBook Pro was/ui/v2/assessment-player/index.html?launchid=d3878f6a-Oaae-46d7-a9d9-fc19a94d0341#/questi Question 1 of 1 > -/30 (To record sales revenues and service charges.) (To record cost of goods sold.) (To reverse allowance for doubtful debts.) (To record cash received from Drake Company) (2) atv A W Question 1 of 1 > - / 30 III (To record cash received from Drake Company.) (2) (3) e Textbook and Media List of Accounts Prepare an adjusted trial balance at January 31, 2022.(Round answers to decimal places, es 1.250) dtv MacBook Pro -/30 BLOSSOM COMPANY Adjusted Trial Balance Debit Credit Textbook and Media Assistance Used List of Accounts dtv A o W ook Pro Question 1 of 1 > -/30 Prepare an income statement for the month ending January 31, 2022.(Round answers to decimal places, 1.250) BLOSSOM COMPANY Income Statement $ e Textbook and Media List of Accounts Prepare a retained earnings statement for the month ending January 31, 2022. Round answers to decimal places, 1.2503 BLOSSOM COMPANY Retained Farinas Statement . co ety Question 1 of 1 - / 30 e Textbook and Media List of Accounts Prepare a retained earnings statement for the month ending January 31, 2022. (Round answers to decimal places, 68.1.2500 BLOSSOM COMPANY Retained Earnings Statement e Textbook and Media List of Accounts Prepare a classified balance sheet as of January 31, 2022. (List Current Assets in order of liquidity. Round answers to O decimal places, s 1.250) BLOSSOM COMPANY Balance Sheet Assets Question 1 of 1 > -/30 Prepare a classified balance sheet as of January 31, 2022. (List Current Assets in order of liquidity. Round answers to O decimal places, eg. 1.250) BLOSSOM COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity V I e Textbook and Media List of Accounts atv A Question 1 of 1 > - / 30 View Policies Current Attempt in Progress Blossom Company's balance sheet at December 31, 2021. is presented below. Blossom Company Balance Sheet December 31, 2021 $13,270 Accounts payable 20.200 Common stock Cash $9.520 Accounts receivable 22.000 Allowance for doubtful accounts 10,770 Inventory (790) Retained earnings 9,610 $42,290 $42.290 During January 2022. the following transactions occurred, Blossom uses the perpetual inventory method. Jan Blossom accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $6,000 account. 1 3 Blossom wrote off as uncollectible the accounts of Walter Corporation ($500) and Drake Company ($300). 8 Blossom purchased $16,810 of inventory on account. 11 Blossom sold for $22,600 on account inventory that cost $16,040. 15 Blossom sold inventory that cost $740 to Jack Rice for $900. Rice charged this amount on his Visa First Bank card. The service fee charged Blossom by First Bank is 3%. 17 Blossom collected $24,500 from customers on account. 21 Blossom paid $17.450 on accounts payable. 24 Blossom received payment in full ($300) from Drake Company on the account written off on January 3. 27 Blossom purchased advertising supplies for $1.480 cash. 31 Blossom paid other operating expenses. $3.190. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2022, accents receivable. 3. A count of advertising Supplies on January 31, 2022. reveals that $550 remains unused, 4. The income tax rate is 30%. (Hint: Prepare the income statement up to Income before taxes and multiply by 30% to compute the amount;round to whole dollars) (You may want to set up T-accounts to determine ending balances) Prepare journal entries for the transactions listed above and adjusting entries. (Include entries for cost of goods sold using the perpetual inventory system) (Round answers to decimal places, es 1.250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Debit Account Titles and Explanation Question 1 of 1 > -/30 Prepare journal entries for the transactions listed above and adjusting entries. Include entries for cost of goods sold using the perpetual inventory system.) (Round answers to decimal places, e.g. 1,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit To record sales revenues.) I To record cost of goods sold.) (To record sales revenues and service charges.) etv A MacBook Pro was/ui/v2/assessment-player/index.html?launchid=d3878f6a-Oaae-46d7-a9d9-fc19a94d0341#/questi Question 1 of 1 > -/30 (To record sales revenues and service charges.) (To record cost of goods sold.) (To reverse allowance for doubtful debts.) (To record cash received from Drake Company) (2) atv A W Question 1 of 1 > - / 30 III (To record cash received from Drake Company.) (2) (3) e Textbook and Media List of Accounts Prepare an adjusted trial balance at January 31, 2022.(Round answers to decimal places, es 1.250) dtv MacBook Pro -/30 BLOSSOM COMPANY Adjusted Trial Balance Debit Credit Textbook and Media Assistance Used List of Accounts dtv A o W ook Pro Question 1 of 1 > -/30 Prepare an income statement for the month ending January 31, 2022.(Round answers to decimal places, 1.250) BLOSSOM COMPANY Income Statement $ e Textbook and Media List of Accounts Prepare a retained earnings statement for the month ending January 31, 2022. Round answers to decimal places, 1.2503 BLOSSOM COMPANY Retained Farinas Statement . co ety Question 1 of 1 - / 30 e Textbook and Media List of Accounts Prepare a retained earnings statement for the month ending January 31, 2022. (Round answers to decimal places, 68.1.2500 BLOSSOM COMPANY Retained Earnings Statement e Textbook and Media List of Accounts Prepare a classified balance sheet as of January 31, 2022. (List Current Assets in order of liquidity. Round answers to O decimal places, s 1.250) BLOSSOM COMPANY Balance Sheet Assets Question 1 of 1 > -/30 Prepare a classified balance sheet as of January 31, 2022. (List Current Assets in order of liquidity. Round answers to O decimal places, eg. 1.250) BLOSSOM COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity V I e Textbook and Media List of Accounts atv A
