Question 4 Blossom Company has the following balances in selected accounts on December 31, 2017. Blossom has a calendar year end Accounts Receivable $ 0 Accumulated Depreciation Equipment 0 Equipment 5,800 Interest Payable 0 Notes Payable Prepaid Insurance 1,560 Salaries Payable Supplies 2,200 Unearned Revenue 27,000 0 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1. Blossom Company borrowed 54,800 by signing a 4%, one year note on September 1, 2017 2. A count of supplies on December 31, 2017 indicates that supplies of $750 are on hand. 3. Depreciation on the equipment for 2017 is $750. Blossom Company paid $1,860 for 12 months of insurance coverage on June 1, 2017 5. On December 1, 2017, Blossom collected $27,000 for consulting services to be performed evenly from December 1, 2017, through March 31, 2018 6. Blossom performed consulting services for a client in December 2017. The client will be billed $3,000. Payment from the customer is expected on January 15, 2018 7. Blossom Company pays its employees total salaries of $8,000 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 3, 2018, employees were paid for the last five weekdays of 2017, Prepare the appropriate subsequent cash entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no contry is required select "a intry for the account titles and enter o for the amounts.) Account Titles and Explanation No. Date Debit Credit 1 Aug. 31 6. Jan 3 7