please dont provide solution image based thanx Blossom Company's chart of accounts includes the following selected accounts.101 Cash112 Accounts Receivable.Inventory301 Owner's Capital120Apr.1458On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,600, Rose $1,210, JenningsCo. $2,910, and Dent $2,150. The April transactions involving the receipt of cash were as follows.10112340129414505Sales RevenueSales DiscountsCost of Goods SoldThe owner, T. Blossom, invested additional cash in the business $7,260.Received check for payment of account from Dent less 2% cash discount.Received payment in full for $900 from Jennings Co for invoice no. 307.Made cash sales of merchandise totaling $7,285. The cost of the merchandise sold was $4,371.Received payment in full for $635 from Morrow for invoice no. 309.Received cash refund from a supplier for damaged merchandise $690.Received payment in full for $1,145 from Jennings Co. for invoice no.310.Received check for payment of account from Rose (no cash discount allowed).Accounts ReceivableDateApr. 1Apr. 4MorrowDateApr. 5Apr. 10RoseDateJennings Co.DateDentDateExplanation Ref.BalanceBalanceExplanation Ref.BalanceVCR1BalanceExplanation Ref.VBalanceCR1VExplanation Ref.CR1VCR1CR1Explanation Ref.VCR1General LedgerDebitAccounts ReceivableSubsidiary LedgerDebitDebitDebitDebitCreditCreditCreditCreditCreditNo. 112BalanceBalanceBalanceBalanceBalance

General Ledger Account ReceivableDateExplanationRefDebitCreditBalance01 AprBalance809030…

Accounts Receivable Date Apr.1 Balance Apr. 4 Morrow Date Apr. 5 ✓ Apr. 10 Rose Date Jennings Co. Date Dent Date Explanation Ref. Explanation Ref. Balance CRI CRI Explanation Ref. Balance Balance CR1 Explanation Ref. Balance V CR1 CR1 Explanation Ref. CRI General Ledger Debit Accounts Receivable Subsidiary Ledger Debit Debit Debit Debit Credit Credit Credit Credit Credit No. 112 Balance Balance Balance Balance Balance

Accounts Receivable Date Apr.1 Balance Apr. 4 Morrow Date Apr. 5 ✓ Apr. 10 Rose Date Jennings Co. Date Dent Date Explanation Ref. Explanation Ref. Balance CRI CRI Explanation Ref. Balance Balance CR1 Explanation Ref. Balance V CR1 CR1 Explanation Ref. CRI General Ledger Debit Accounts Receivable Subsidiary Ledger Debit Debit Debit Debit Credit Credit Credit Credit Credit No. 112 Balance Balance Balance Balance Balance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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