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Presented below are a number of economic events. 1 Purchased supplies on account, $240. 2. Provided a service on account, $540. 3. Paid salaries
Presented below are a number of economic events. 1 Purchased supplies on account, $240. 2. Provided a service on account, $540. 3. Paid salaries expense, $320. 4. Issued common shares in exchange for cash, $7,000. 5. Declared and paid $140 of dividends to shareholders. 6. Received cash from a customer who had previously been billed for services provided, $540 (see item 2). 7. Paid account owed to supplier on account, $240 (see item 1). 8. Paid for insurance in advance, $150. 9. Received cash in advance from a customer for services to be performed in the future, $320. 10. Performed the service that the customer previously paid for (see item 9). Journalize the transactions given above for Blossom Corp. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 7. 8. 9. 10.
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