PIUDICII >> USA ALIPOILLE SUDI Blossom Co. was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. BLOSSOM CO. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,600 Accounts Receivable 10,300 Supplies 1,450 Prepaid Rent 2,150 Equipment 18,000 Accumulated Depreciation Equipment $ 0 Notes Payable Accounts Payable 2,450 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,850 Owner's Capital 21,500 Owner's Drawings 1,550 Service Revenue 16,700 Rent Revenue 1,360 Salaries and Wages Expense 7,500 Rent Expense 1,850 Adjusted Dr. Cr. $ 8,600 11,400 600 1,150 18,000 $ 650 9,000 2,450 700 90 1,000 21,500 1,550 9,000 17,800 2,210 8,200 2,850 Con 2,150 1,150 18,000 18,000 $ 0 9,000 2,450 $ 650 9,000 2,450 700 0 0 90 1,850 21,500 1,000 21,500 Prepaid Rent Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 1,550 1,550 16,700 1,360 17,800 2,210 7,500 1,850 8,200 2,850 650 850 1,460 1,460 90 $ 52,860 $ 52,860 $ 55,400 $ 55,400 Journalize the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 30 Accounts Receivable 11001 Service Revenue 1100 (To record revenue for services performed) Sept. 30 Rent Expense 1000 Prepaid Rent 10001 (To record prepaid rent) Sept. 30 Supplies Expense 850 Supplies 8501 (To record supplies used) Sept. 30 Depreciation Expense 650 Accumulated Depreciation-Equipment 6501 (To record monthly depreciation) Sept. 30 Interest Expense 90 (To record monthly depreciation) Sept. 30 Interest Expense 90 Interest Payable 90 (To record interest on notes payable) Sept. 30 Unearned Rent Revenue 850 Rent Revenue 850 (To record rent earned) Sept. 30 Salaries and Wages Expense 700 Salaries and Wages Payable 700 (To record accrued salaries and wages) Show Work is REQUIRED for this question: Open Show Work Prepare an income statement for the 3 months ending September 30, 2020. BLOSSOM CO. Income Statement For the Quarter Ended September 30, 2020 Revenues Service Revenue 17800 Rent Revenue 2210 Total Revenues 20010 Expenses Salaries and Wages Expense 8200 Rent Expense 2850 Depreciation Expense 650 Supplies Expense 850 Utilities Expense 1460 Interact Cynanca on Total Revenues Expenses Salaries and Wages Expense 8200 Rent Expense 2850 Depreciation Expense 650 Supplies Expense 850 Utilities Expense 1460 Interest Expense 90 Total Expenses 14100 Net Income / (Loss) 5910 Show Work is REQUIRED for this question: Open Show Work Your answer is partially correct. Try again. Prepare statement of owner's equity for the 3 months ending September 30, 2020. (List items that increase owner's equity first.) BLOSSOM CO. Owner's Equity Statement For the Year Ended September 30, 2020 x X Owner's Capital, July 1 21500 X Net Income / (Loss) 5910 x x Less Drawings 1550 7460 X 14040 Add Expenses 14100 X Owner's Capital, September 30 28140 Show Work is REQUIRED for this question: Open Show Work