During 2018, its first year of operations as a delivery service, Blossom Corp. entered into the following transactions. The fiscal year end for Ivanhoe is December 31.

Question) PREPARE JOURNAL ENTERIES TO RECORD THE ABOVE TRANSACTIONS.

Assets Accounts + receivable + Supplies 109000 41000 -56000 25000 + + + + + + + Liabilities Equity + Retained earnings Accounts Bonds Common Equipment payable Payable + stock +Revenue Expenses - Dividends + + 109000 + + + 41000 + 56000= 25000 4500 4500 6000 9000 26000 10000 400 4500+ 56000 4500 41000+ 109000 + 34000 32400 10000 + Cash 1 2 3 4 5 6 7 8 9 10 Total . -6000 + . 9000+ = . + + + -26000 -10000 -4000 76600 + 9000 1. Issued common shares to investors in exchange for $ 109,000 in cash. 2. Borrowed $ 41,000 cash from the bank, due 2020. 3. Purchased delivery vehicles for $ 56,000 cash. 4. Received $ 25,000 from customers for services provided. 5. Purchased supplies for $ 4,500 on account. 6. Paid rent of $ 6,000. 7. Performed services on account for $ 9,000. 8. Paid salaries of $ 26,000. 9. Declared and paid a dividend of $ 10,000 to shareholders. 10. Paid income taxes of $ 400 for the month. Sr No Account Titles and Explanation Debit Credit Credit 1 N. 3 4 5 6 7 8 9 10