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Please prepare: - T accounts (S Expense, I Expense, AD) - Adjusting Entries and post - Closing Entries and post to T accounts - Reversing
Please prepare:
Blossom Company has a September 30 fiscal year end and prepares adjusting entries on an annual basis. The trial balance included th following selected accounts: $3,750 3,000 0 Accumulated depreciation Depreciation expense Interest expense Interest payable Interest receivable Interest revenue Salaries expense Salaries payable 0 151,000 0 Additional information for its September 30, 2021 year-end adjustments: 1. 2. Blossom has a two-year, 3% note receivable for $4.000 that was issued on April 1, 2021. Interest is payable every six months, on October 1 and April 1. Principal is payable at maturity. Blossom collected the correct amount on October 1, 2021 Accrued salaries as at September 30, 2021, were $2,300. Payroll totalling $2,700 was paid on October 2, 2021 Blossom has a five-year, 5% note payable for $72,000 issued in 2019. Interest is payable quarterly on January 31, April 30. July 31, and October 31 each year. Blossom paid the correct amounts in 2021. Depreciation expense for the year ended September 30, 2021, was $3,750. 3. 4 - T accounts (S Expense, I Expense, AD)
- Adjusting Entries and post
- Closing Entries and post to T accounts
- Reversing entries and post
- Jornal entry for cash transactions and post
Please do in order if possible
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