$1$ Journalize the transactions. $($Complete$!--$Done in part $1)$

I have posted the transactions and prepared the trial balance in the worksheet for you.

Assume $360$ day year for all transactions related to interest calculations.

$2$ Complete the worksheet. Adjusting entries have not been made at any time this year.

Here is the information you need to calculate the adjusting entries $($note: the General Ledger is your friend in this!$)$

a Evaluation of the years sales indicated that warranties related to current years sales

were $$29,000.$

The note receivable in the general ledger is an $8\%$ eight month note received on February $1,2024$ that due is

on September $30,2024$

There notes payable balance relates to the delivery truck purchase on April $1.$ The interest rate and

payment information is provided in the transaction above.

The company purchased an annual insurance liability policy on January $1,2024.$

Office supplies on hand at April $30$ were $$1,200$ and store supplies on hand were $$2,000.$

Depreciation on the building is calculated using straight line with a $40$ year life and $$100,000$ residual value.

Depreciation for the office equipment is calculated using double declining balance method, has a five year

life and was purchased three years ago $(2$ years of depreciation has been recorded$).$

Information related to the depreciation calculation for the delivery truck is in the transactions above.

Payroll for April is going to be paid in early May. Salaries earned were $$32,000.$ The FICA rate is $7\mathrm{.}65\%$

and is paid by both the employee and the employer. Employee income taxes are withheld at a rate of $15\%.$

Federal and state unemployment limits were reached in March so they are not a factor.

$3$ Journalize and post the adjusting entries.