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Journalize the following transactions for Blossom Company

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1. Journalize the following transactions for Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Sept. 1 Purchased supplies for $1,160 cash. 5 Paid $550 cash dividend to stockholders. 7 Received $6,900 down payment from customer for services to be provided in the future. Received $910 cash from a previously billed customer for payment of services provided in the prior month. Purchased equipment for $4,400 by paying $1,800 cash and issued a note payable for the balance. 16 22 Account Titles and Explanation Debit Credit Date Sept. 1 Sept. 5 Sept.7 Sept. 16 Sept. 22
2. ES Exercise 184 Taveras Industries developed the following information for the product it sells: 5 Sales price Variable cost of goods sold Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense Fixed administrative expense $50 per unit $28 per unit $650,000 10% of sales price $2.00 per unit $400,000 $300,000 0) Study For the year ended December 31, 2016, Taveras produced and sold 100,000 units of product. Prepare a CVP income statement using the contribution margin format for Taveras Industries for 2016. (List var TAVERAS INDUSTRIES Income Statement For the Year Ended December 31, 2016
   Current Designs Problem 5 Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to ar They have provided the following production and operational costs necessary to produce one com Kevlar® Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Selling and administrative expenses-variable Selling and administrative expenses-fixed Manufacturing overhead-fixed $280 per kayak $140 per kayak $200 per kayak $410 per kayak $460 per kayak $149,550 per year $310,000 per year Bill and Diane have asked you to provide a cost-volume-profit analysis, to help them finalize the bud the composite kayak will be $2,400. Calculate variable costs per unit. Variable costs per unit Determine the unit contribution margin. Contribution