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Please help using the information listed in the first two photos for this problem. Current Attempt in Progress On December 1,2025, Blossom Company had the

Please help using the information listed in the first two photos for this problem.
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Current Attempt in Progress On December 1,2025, Blossom Company had the account balances shown below. Inventory (2,800$0,60) The following transactions occurred during December. Dec. 3 Purchased 3,800 units of inventory on account at a cost of $0.72 per unit. 5 Sold 4,200 units of inventory on account for $1.00 per unit. (Blossom sold 2,800 of the $0.60 units and 1,400 of the $0.72 units.) 7. Granted the December 5 customer $200 credit for 200 units of inventory returned costing $144. These units were: returned to inventory, 17 Purchased 2,200 units of inventory for cash at $0,80 each. 22 Sold 2,000 units of inventory on account for $0.87 per unit. (Blossom sold 2,000 of the $0,72 units) uestion 1 of 8 Adjustment data: 1. Accrued salaries and wages payable $410. 2. Depreciation on equipment $190 per month. 3. Income tax expense was $200, to be paid next year. Journalize the December transactions and adjusting entries, assuming Blossom uses the perpetual inventory system. (Credit account titles are outomatically Indented when amount is entered. Do not indent manuolly, If no entry is required, select "No Entry" for the account titles and enter O for the omounts. Record Joumal entries in the order presented in the problem. List all debit entries before credit entries.) Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entrles in the order of Journol entries presented above) Prepare an adjusted trial balance as of December 31, 2025. Prepare an income statement for December 2025. Prepare a classified balance sheet at December 31,2025. (Lst current assets in order of llquidity) BLOSSOM COMPANY Balance Sheet Assets Compute ending inventory and cost of goods sold under FIFO, assuming Blossom Company uses the periodic inventory system. Cost of goods sold Compute ending ifventory and cost of goods sold under LIFO, assuming Blossom Company uses the periodic inventory system, Ending inventory Cost of goods sold $ eTextbook and Media List of Accounts Attempts: 0 of 5 used

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