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a. Notes Receivable is a 3-months, 6% note accepted on November 1, 2014. b. Long Term Notes Payable is a 5-year. 5% note, that was

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a. Notes Receivable is a 3-months, 6% note accepted on November 1, 2014. b. Long Term Notes Payable is a 5-year. 5% note, that was signed on July 1, 2014. Interest is payable annually. c. Annual Building depredation expense is $4,500. d. Annual Equipment depreciation expense is $7,500. e. JEN discovered, on December 30th, that the in experienced bookkeepers recorded in the general journal and general ledger that day's $1,500 cash Sales as a debit accounts Receivable and a credit to Sales Revenue. 3 .The year-end physical count for Merchandise Inventory reflected a value of $51,500. 1/4. Any difference in value will not be considered theft or loss. g. Salaries for the last half of December, payable in January, amount to $5,500 JEN estimates that of the Accounts Receivable S% will not be collectable..3 red: a. Prepare in journal form, any required correcting entries h. prepare in Journal form, all end-of-the period adjusting entries c. prepare a December adjusted trial balance d. prepare a classified balance sheet for the year ended December 31, 2014 e. prepare in journal form, the closing entries for the year ended December 31, 2014 a. Notes Receivable is a 3-months, 6% note accepted on November 1, 2014. b. Long Term Notes Payable is a 5-year. 5% note, that was signed on July 1, 2014. Interest is payable annually. c. Annual Building depredation expense is $4,500. d. Annual Equipment depreciation expense is $7,500. e. JEN discovered, on December 30th, that the in experienced bookkeepers recorded in the general journal and general ledger that day's $1,500 cash Sales as a debit accounts Receivable and a credit to Sales Revenue. 3 .The year-end physical count for Merchandise Inventory reflected a value of $51,500. 1/4. Any difference in value will not be considered theft or loss. g. Salaries for the last half of December, payable in January, amount to $5,500 JEN estimates that of the Accounts Receivable S% will not be collectable..3 red: a. Prepare in journal form, any required correcting entries h. prepare in Journal form, all end-of-the period adjusting entries c. prepare a December adjusted trial balance d. prepare a classified balance sheet for the year ended December 31, 2014 e. prepare in journal form, the closing entries for the year ended December 31, 2014

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