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Tim Blossom started Blossom Roof Repairs on April 2, 2021, by investing $4,000 cash in the business. During April, the following transactions occurred: Apr. 6
Tim Blossom started Blossom Roof Repairs on April 2, 2021, by investing $4,000 cash in the business. During April, the following transactions occurred: Apr. 6 Purchased supplies for $1,500 cash. 15 Repaired a roof for a customer and collected $600 cash. 25 Received $2,200 cash in advance from a customer for roof repairs to his house and garage. On April 30, 2021, the following information was available: 1. At April 30, services of $600 were provided but were neither billed nor recorded. 2. There is $550 of supplies on hand. 3. Of the $2,200 received on April 25, the company has provided services of $800 by completing repairs to the garage roof. Prepare an adjusted trial balance. Cash Supplies Accounts Receivable Unearned Revenue BLOSSOM ROOF REPAIRS Adjusted Trial Balance April 30, 2021 Debit Tim Blossom, Capital Service Revenue Supplies Expense Total 10 +0 Credit $ Date Account Titles and Explanation Apr. 30 Service Revenue Income Summary (To close revenue account) Apr. 30 Income Summary Apr. 30 Supplies Expense (To close expense account) Income Summary Tim Blossom, Capital (To close profit to capital) Debit Credit Cash Apr. 2 4,000 Apr. 6 1,500 Apr. 15 600 Apr. 25 Bal. 2,200 5300 Accounts Receivable Apr. 30 600 Supplies 1,500 Apr. 30 Apr. 6 Bal. 550 Apr. 30 Unearned Revenue 800 Apr. 25 Bal. 950 2,200 1400 Service Revenue Apr. 15 600 Apr. 30 600 Apr. 30 Bal. Bal. Apr. 30 Supplies Expense 950 000 Income Summary Tim Blossom, Capital 800 Apr. 2 4,000
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