7/1 owner put in 50g into company 8/1 company signed 10 year lease for space beginning 9/1. Rent 5g/mo. At signing company paid the first 6 months of rent + a 2 month security deposit. 10/1 Company borrows 200g from bank .for two years at 6% per year annual interest with all interest and principle payable at the end of two years. 11/1 company buys and starts using a machine for 8og - it will last 3 years and will then be worth (sold used) 8g. On 5/1 we paid half the cost of the machine and will pay the rest in 6 months plus the interest on the unpaid balance of 12% annual. (do not use mid month or mid year conventions) 11/15 we place an advertisement for 2g that we pay in full 12/1 we do 15g of work and are paid one third. (the rest is owed to us) Questions Do j/es Do adjusting entries Do tb what is our income for the calendar year - do income statement what is the wealth of this company at 6/30m what assets does this company have at 6/30, what does the company owe - do balance sheet 6/30 xi