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The trial balance for Blossom Limited on August 31 is as follows: Blossom Limited Trial Balance August 31, 2023 Debit Credit Cash Prepaid insurance Supplies
The trial balance for Blossom Limited on August 31 is as follows: Blossom Limited Trial Balance August 31, 2023 Debit Credit Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense $5,3003,8001,95018,500150,000 $21,600 16,000 4,320 4,400 4,200 78,000 80,500 4,200 5,800 74,000 42,280 13,300 repayments are due. Interest is paid twice per year (on June 1 and December 1). (a) Your answer is partially correct. Journalize the adjusting entries on August 31 for the three-month period from June 1 to August 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) The trial balance for Blossom Limited on August 31 is as follows: Blossom Limited Trial Balance August 31, 2023 Debit Credit Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense $5,3003,8001,95018,500150,000 $21,600 16,000 4,320 4,400 4,200 78,000 80,500 4,200 5,800 74,000 42,280 13,300 repayments are due. Interest is paid twice per year (on June 1 and December 1). (a) Your answer is partially correct. Journalize the adjusting entries on August 31 for the three-month period from June 1 to August 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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