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This is the trial balance of Blossom Company on September 30.
BLOSSOM COMPANY
Trial Balance
September 30, 2022
Debit Credit
Cash $ 23,240
Accounts Receivable 6,640
Supplies 5,020
Equipment 10,920
Accounts Payable $ 8,840
Unearned Service Revenue 4,020
Common Stock 19,040
Retained Earnings 13,920 $45,820 $45,820
The October transactions were as follows.
Oct.
5 Received $1,470 in cash from customers for accounts receivable due.
10 Billed customers for services performed $5,020.
15 Paid employee salaries $1,380.
17 Performed $560 of services in exchange for cash.
20 Paid $1,800 to creditors for accounts payable due.
29 Paid a $340 cash dividend.
31 Paid utilities $440.

Respuesta :

Answer:

1. Cash (Dr.) $1,470

Accounts receivable (Cr.) $1,470

2. Account Receivable (Dr.) $5,020

Revenue (Cr.) $5,020

3. Salaries Expense (Dr.) $1,380

Cash (Cr.) $1,380

4. Cash (Dr.) $560

Revenue (Cr.) $560

5. Accounts Payable (Dr.) $1,800

Cash (Cr.) $1,800

6. Dividend Paid (Dr.) $340

Cash (Cr.) $340

7. Utilities Expense (Dr.) $440

Cash (Cr.) $440

Explanation:

The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.