Reference no: EM133179753
Question - Selected transactions for Blossom Corporation during September 2018, its ?rst month in business, are presented below:
Sept. 1 Issued common shares in exchange for $19,000 cash.
Sept. 2 Paid $1,400 cash for rent for the month of September.
Sept. 5 Purchased equipment for $9,100, paying $2,000 in cash and the balance on account.
Sept. 8 Earned $7,100 in revenue, receiving $1,100 cash and $6,000 on account of services provided.
Sept. 12 Incurred $600 in advertising expense on account.
Sept. 20 Paid $3,300 for repairs and maintenance expenses.
Sept. 25 Paid $5,200 cash on balance owed for equipment.
Sept. 27 Incurred and paid income taxes for the month amounting to $1,000.
Sept. 30 Declared and paid a $500 cash dividend.
Required - Prepare journal entries to record the above transactions; Date, Account titles and explanation, debit, and credit. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
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