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jouranalise the transactions. ME Question 3 of 4 -76 During the first month of operations, the following transactions occurred for Blossom Inc.: Apr. 1 Invested
jouranalise the transactions.
ME Question 3 of 4 -76 During the first month of operations, the following transactions occurred for Blossom Inc.: Apr. 1 Invested cash of $10,000 and equipment of $6,500 in the company in exchange for common shares. 1 Hired a secretary-receptionist at a monthly salary of $1,700. 2 Paid office rent for the month, $850. 3 Purchased architectural supplies on account from Halo Ltd. $1.700, 10 Completed blueprints on a carport and billed client $1,400. 13 Received $800 cash advance from a client for the design of a new home. 20 Received $2.100 for services performed for a client 21 Received $600 from client in partial payment for work completed and billed on April 10. 23 Received April's telephone bill for $135: due May 15. (Hint: Use the Utilities Expense account for telephone services. Declared and paid $160 of dividends to shareholders 27 Paid 50% ($850) of the amount owed to Halo Ltd on account. (see April 3 transaction) Palma 14 Mostly di ill E I 4 12:38 PM 102 Step by Step Solution
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