Tim Wildhorse started Wildhorse Roof Repairs on April 2, 2021, by investing $4,700 cash in the business. During April, the following transactions occurred: Apr. 6 15 Purchased supplies for $9.500 cash. Repaired a roof for a customer and collected $750 cash. Received $2,650 cash in advance from a customer for roof repairs to his house and garage 25 On April 30, 2021, the following information was available: 1 2. At April 30, services of $850 were provided but were neither billed nor recorded There is $625 of supplies on hand. of the $2,650 received on April 25, the company has provided services of $1.000 by completing repairs to the garage root 3. Journalize the transactions. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit v > > C Post to the ledger accounts. (Use Taccounts.) (Post entries in the order of journal entries presented in the previous part) Cash - /20 E Journalize and post any required adjusting 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 for the amounts) Date Account Titles and Explanation Debit Credit Apr. 30 (To accrue revenue earned but not billed or collected) Apr 30 (To record supplies used) Apr. 30 (To record revenue for services provided) Cash Apr. 2. 4,700 Apr. 6 1,500 Apr. 15 750 Apr. 25 2,650 Accounts Receivable Supplies Apr. 6 1,500 Unearned Revenue Unearned Revenue Apr. 25 2,650 Service Revenue Apr. 15 750 5 Total 3 of 5 - /20 Assuming the company closes its books on a monthly basis, journalize and post closing entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts:) Date Account Titles and Explanation Debit Apr. 30 Credit (To close revenue account) Apr 30 To close expense account) Apr 30 (To close profitto capital) Question 3 of 5 Cash Apr. 2 4,700 Apr. 6 1,500 Apr. 15 750 Apr. 30 1.000 Supplies Expense Apr. 30 875 --player/index.html?launchid=4d5be109-415c-48db-bf0e-d57ae19d86b98/question/2 021 Question 3 of 5 Income Summary Tim Wildhorse, Capital Apr. 2 4.700 ATAL View Policies Current Attempt in Progress The adjusted trial balance for Blossom's Animations is presented below. BLOSSOM COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,300 Accounts receivable 4,700 Prepaid expenses 2.800 Equipment 49,000 Accumulated depreciation-equipment $ 18,375 Accounts payable 5,600 Unearned revenue 10,300 M. Blossom, capital 19,650 M. Blossom, drawings 17.000 Service revenue 64.200 Rent expense 9,000 Salaries expense 24,100 Supplies expense Depreciation expense 2,100 6,125 $ 118,125 $ 118,125 income statement for the year. Mr. Blossom invested $5,300 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses eg. (451) BLOSSOM COMPANY Income Statement $ c $ - /25 $ Liabilities and Owner's Equity $ A > $ e Textbook and Media O AL 18C
