Question 6 An alphabetical list of Blossoms Company's adjusted accounts at its fiscal year end, August 31, 2017, follows. All accounts have normal balances Accounts payable $15,590 Notes payable $42,000 Accumulated depreciation equipment 14,000 Prepaid Insurance 575 Accumulated depreciation--furniture 17,500 R. Smistad, capital 65,750 Cash 21,020 R. Smistad, drawings 74,000 Cost of goods sold 271,900 Rent expense 24,600 Depreciation expense 7,070 Salaries expense 50,900 Equipment 35,000 Salaries payable 2,250 Furniture 43,000 Sales 468,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,140 Supplies 950 Interest payable 615 Supplies expense 6,325 Merchandise inventory 70,950 Unearned revenue 2,600 dy Additional information: 1. of the notes payable, $6,600 becomes due on February 17, 2016. The balance is due in 2019. 2. On July 18, 2017, R. Smistad invested $4,200 cash in the business. Question 6 An alphabetical list of Blossoms Company's adjusted accounts at its fiscal year end, August 31, 2017, follows. All accounts have normal balances Accounts payable $15,590 Notes payable $42,000 Accumulated depreciation equipment 14,000 Prepaid Insurance 575 Accumulated depreciation--furniture 17,500 R. Smistad, capital 65,750 Cash 21,020 R. Smistad, drawings 74,000 Cost of goods sold 271,900 Rent expense 24,600 Depreciation expense 7,070 Salaries expense 50,900 Equipment 35,000 Salaries payable 2,250 Furniture 43,000 Sales 468,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,140 Supplies 950 Interest payable 615 Supplies expense 6,325 Merchandise inventory 70,950 Unearned revenue 2,600 dy Additional information: 1. of the notes payable, $6,600 becomes due on February 17, 2016. The balance is due in 2019. 2. On July 18, 2017, R. Smistad invested $4,200 cash in the business