19 -4 Events: 5 a) Purchased $16,400 of equipment for use in the business, paid cash. 6 b) Earned $146,000 in service revenues for 2021, including $136,000 on credit and $10,000 collected in cash. 17 c) Collected accounts receivable, $16,900. 18 d) Customers paid $8,400 in advance for future services, e) Paid accounts payable, $8,400. 20 6) Sold an old vehicle (that was fully depreciated) for $1,200 cash. 21 g) On Sep. 1, paid $14,400 to rent a building for 12 months, starting immediately. 22 h) Purchased $1,200 supplies on account for future use. 23 1) Declared and paid a $14,000 cash dividend. 24 Information for Adjustments: 25 ) Determined after a year-end count that $7,200 of supplies had been used during the year. 26 K) Depreciation for the year on the equipment, $5,460. 27 1) Accrued $1,050 interest on an outstanding loan (promissory note). 28 m) Building rental expenses for the year, paid in transaction (e), had not yet been recorded. 29 m) Wages of $9,600 earned by employees since the December 24 payroll were not yet paid. 30 o) Pomeroy recorded $4,000 in service provided that had been collected in event (d), but had not yet been recorded. 31 p) During December, Pomeroy accrued $4,700 in service that had been provided to customers on account. 32 g) Income tax for the year was $26,584. It will be paid in 2022. 33 ourt of Account Accounting Eution impacto Assets up A 100 ch A Asut down D For al journal entries, you must only use Account Names from the art of Accounts in cells to the 120, and you meely Accounting Equation impact codes from the listincellathu. For all payables except Nord Payable us the Accounts Payable account al purchased $16,400 of equipment for use in the business palcach Basic Nect Dets Account Name Credits E impacts At Equipment 16,400 Completed A- Cash 16,400 as an example 110 Accounts Receivable 320 Pregal Services 110 Supplies for hard 350 feuipment 155 Accum Deprecolo) Le abilities up Liabilities down S8+ Equity up SE Eculty down b) Erned $146,COO in service revenues for 2021, including $136,000 on credit and $10,000 collected in cash Basic Acct Account Names Debits Credits Eimpacts 210 Accounts Payable 1 2 c) Collected accounts receivable, $16,400. Basic Act Account Names El impact The Revenu 250 Netewable 10 Como Stock 150 Betained for ne 410 Ovens aclared 510 Service Revenge 610 Super 620 Deprecian pense 630 interpers Debits Credits + d) Customers paid $3,400 in advance for future services Basic Adet Talmacts Account Names 640 Fent pense Credits Debits 650 Wan Expert 660 Income Tax bpense 19 21 e) Pald accounts payable, $8.400. Bec Acct Account Names Elmpacts Debits Credits eprecated) for $1.200 cash 7 f) Sold an old vehicle (that was fully depreciated) for $1,200 cash. Basic Acct Account Names Debits Eq Impacts 28 Credits 29 30 31 32 g) On Sep. 1, paid $14,400 to rent a building for 12 months, starting immediately. Basic Acct Account Names Debits Credits Eq Impacts 33 34 35 36 37 h) Purchased $1,200 supplies on account for future use. Basic Acct Account Names Eg Impacts 38 Debits Credits 39 40 41 42 i) Declared and paid a $14,000 cash dividend. Basic Acct Account Names Eq impacts 43 Debits Credits 44 45 46 47 Before continuing, complete the Unadjusted Trial Balance. Determined after year-end count that $7200 of supplies had been used during the year. Bi Acet Account Names Debits Credits En moscos Depreciation for the year on the equipment, $5.460. Basic Acct Account Name Dets credits Credits Accrued $1,050 interest on an outstanding loan (promissory note). Basic Acet Account Names Debita Empacts Credits m) Building rental expenses for the year, paid in transaction frl, had not yet been recorded. 3. Acet Account Names Equipacts Wages of $9,600 eamed by employees since the December 24 payroll were not yet paid. Basic Acet Account Names Debits Credits fe impacts Pomeroy recorded $4.000 in service provided that had been collected in event (d), but had not yet been recorded Bas Acct Account Names Det Credits Eg Impacts Durine nere During December, Pomeroy accrued $4,700 in service that had been provided to customers on account. Basic Acct Account Names Debits Credits Eg Impacts 9) Income tax for the year was $26,584. It will be paid in 2022. Basic Acct Account Names Debits Eg Impacts Credits