1.using the given information, record the 4 mentioned transactions above in proper journal entry form,

2.make T accounts of the accounts used

3. You should post the changes for each account for each quarter. For each quarter 2,3, and 4 and for any adjusting entries you create you should post ONLY summary entries to the working trial balance.

F/S Changes fc Jun DR b b b b b b b b b 1 SNIFFER, INC 2. CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands 3 4 Cash and cash equivalents 5 Marketable securities 6 Accounts receivable 7 Allowance for Doubtful Accounts 8 Other current assets 9 Property, capitalized software and equipment 10 Accumulated depreciation 11 Goodwill 12 Intangible assets, net of accumulated amortization 13 Long-term investments 14 Deferred income taxes-asset 15 Equity method investments 16 Current portion of long-term debt 17 Accounts payable, trade 18 Deferred revenue 19 Accrued expenses and other current liabilities 20 Long-term debt, net 21 Income taxes payable 22 Asset Retirement Obligations 23 Other long-term liabilities Common stock $.001 par value; authorized 1,600,000 shares; issued 263,502 and 24 outstanding 76,852 Balances as of Mar. 31, 2020 DR CR $ 2,822,729 69,912 404,523 28,669 267,814 518,299 144,738 3,042,139 671,467 301,592 190,849 318,832 13,750 102,367 433,728 514,571 3,625,008 18,398 19,398 210,274 b b b b b b b b b b b 5 264 s 264 16 12,605,645 1,689,925 136,349 10,430,270 28,397 s 1,228,765 Common stock $.001 par value; authorized 1,600,000 shares, issued 263,502 and 24 outstanding 76,852 Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 5 25 shares and outstanding 5,789 shares 26 Additional paid-in capital 5 27 Retained earnings 5 28 Accumulated other comprehensive loss 5 29 Treasury stock 196,908 shares 5 30 Cash dividends 31 Revenue i 32 Cost of revenue i 33 Selling and marketing expense i 34 General and administrative expense i 35 Product development expense i 36 Depreciation 37 Amortization of intangibles 38 Goodwill impairment i 39 Interest expense 40 Other expense, net of other income i 41 Income Tax benefit i 42 Change in unrealized gains and losses of available-for-sale securities 43 44 45 TOTALS 46 323,221 432,697 256,021 105,733 24,738 52,162 211,973 44,866 49,893 89,896 20.936 $ 20,725,412 $ 20,725,412 SO Give an example journal entry for each of the following transactions recorded in proper general journal form, including the AT, AI,Lt,LT, OEJOEf arrows. Cash purchase of a long-term asset that includes an asset retirement obligation, One self-constructed asset that will not be completed by the end of the year which includes at least 2 expenditures during the fiscal year, One impairment of existing goodwill or another long-term asset that is held and used, Depreciation for each remaining quarter - you pick a method as if it had been in place and record entries for 2nd, 3rd, and 4th quarter. Use an appropriate existing expense account or add a depreciation expense account late your provide description of the transaction that provides enough detail to ers. For example, with impairments this would mean that you have to provide all of the information needed to recalculate the impairment you record + F/S Changes fc Jun DR b b b b b b b b b 1 SNIFFER, INC 2. CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands 3 4 Cash and cash equivalents 5 Marketable securities 6 Accounts receivable 7 Allowance for Doubtful Accounts 8 Other current assets 9 Property, capitalized software and equipment 10 Accumulated depreciation 11 Goodwill 12 Intangible assets, net of accumulated amortization 13 Long-term investments 14 Deferred income taxes-asset 15 Equity method investments 16 Current portion of long-term debt 17 Accounts payable, trade 18 Deferred revenue 19 Accrued expenses and other current liabilities 20 Long-term debt, net 21 Income taxes payable 22 Asset Retirement Obligations 23 Other long-term liabilities Common stock $.001 par value; authorized 1,600,000 shares; issued 263,502 and 24 outstanding 76,852 Balances as of Mar. 31, 2020 DR CR $ 2,822,729 69,912 404,523 28,669 267,814 518,299 144,738 3,042,139 671,467 301,592 190,849 318,832 13,750 102,367 433,728 514,571 3,625,008 18,398 19,398 210,274 b b b b b b b b b b b 5 264 s 264 16 12,605,645 1,689,925 136,349 10,430,270 28,397 s 1,228,765 Common stock $.001 par value; authorized 1,600,000 shares, issued 263,502 and 24 outstanding 76,852 Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 5 25 shares and outstanding 5,789 shares 26 Additional paid-in capital 5 27 Retained earnings 5 28 Accumulated other comprehensive loss 5 29 Treasury stock 196,908 shares 5 30 Cash dividends 31 Revenue i 32 Cost of revenue i 33 Selling and marketing expense i 34 General and administrative expense i 35 Product development expense i 36 Depreciation 37 Amortization of intangibles 38 Goodwill impairment i 39 Interest expense 40 Other expense, net of other income i 41 Income Tax benefit i 42 Change in unrealized gains and losses of available-for-sale securities 43 44 45 TOTALS 46 323,221 432,697 256,021 105,733 24,738 52,162 211,973 44,866 49,893 89,896 20.936 $ 20,725,412 $ 20,725,412 SO Give an example journal entry for each of the following transactions recorded in proper general journal form, including the AT, AI,Lt,LT, OEJOEf arrows. Cash purchase of a long-term asset that includes an asset retirement obligation, One self-constructed asset that will not be completed by the end of the year which includes at least 2 expenditures during the fiscal year, One impairment of existing goodwill or another long-term asset that is held and used, Depreciation for each remaining quarter - you pick a method as if it had been in place and record entries for 2nd, 3rd, and 4th quarter. Use an appropriate existing expense account or add a depreciation expense account late your provide description of the transaction that provides enough detail to ers. For example, with impairments this would mean that you have to provide all of the information needed to recalculate the impairment you record +