(a)Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.CashAccounts ReceivableSuppliesEquipmentAccounts PayableUnearned Service RevenueCommon StockRetained Earnings View PoliciesCurrent Attempt in ProgressThis is the trial balance of Blossom Company on September 30.BLOSSOM COMPANYTrial BalanceSeptember 30, 2017DebitCreditCash$ 23,240Accounts Receivable6,640Supplies5,020Equipment10,920Accounts Payable$8,840Unearned Service4,020RevenueCommon Stock19,040Retained Earnings13,920$45,820$45,820The October transactions were as follows.Oct. 5Received $1,470 in cash from customers for accounts receivable due.Billed customers for services performed $5,020.Paid employee salaries $1,380.Performed $560 of services in exchange for cash.Paid $1,800 to creditors for accounts payable due.1015172029Paid a $340 cash dividend.31Paid utilities $440.

Required general ledger accounts with opening balances are shown below:

Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings

Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings

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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