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11 Coast Air Washer Inc. buys and sells air purifiers and air purifier components. The following are events that occurred in Coast Air Washer Inc.
11 Coast Air Washer Inc. buys and sells air purifiers and air purifier components. The following are events that occurred in Coast Air Washer Inc. in 2019 Coast Air Washer inc's fiscal period ends on December 31 Required: Record the correct journal entries to reflect the events below for the year 2019 Include journal entries to reflect any year-end adjustments, if necessary. Please round up your answers to two decimal places. (ex., 12.456 -> 12.46. 12.451 - 12.45) 011556 On February 15, 2019. Coast Air Washer Inc, issued 10,000 shares for $15,000 cash and a machine valued at $11,000. The additional paid-in capital recorded as a result of this transaction was $7.000. (4 points) Essay Toolbar navigation BIUS E 3 A 12 in 2019. Coast Air Washer Inc. earned $1600 in interest from the bank deposits. The amount is expected to be received in cash on January 3, 2020. (Hint: Remember that the main operating activity of Coast Air Washer Inc. is to buy and sell air purifiers and air purifier compone 01.03 Toolbat navigation BI V S - 13 Coast Air Washer Inc's employees earn a salary of $90 per month The salary for December 2018 was paid on January 15, 2019. The salary that employees earned during the entire year of 2019 was paid by Coast Air Washer Inc. on December 31, 2019. (4 points) Essay Toonegaan. B IV SE 3 - A 14 In 2019. Coast Air Washer Inc. sold air purifiers for $70,000. Customers paid 1/4 of the amount in cash and 2/4 of the amount on account The rest was related to delivering the air purifiers to customers who paid deposits last year. The cost related to the air purifiers that were sold in 2019 was $49.000 points) 8049 Essay Toolbat navigation BI VS A 15 On December 21, 2019. a customer paid a deposit of $1,000 to Coast Air Washer Inc. for the air purifier components The components are expected to be delivered to the customer on January 14, 2020. (2 points) 10:53 Essay Tobago BIDS 3 - This cuestion will be sent to your instructor for grading
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