Additional Information

1. A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash.
2. The only changes affecting retained earnings are net income and cash dividends paid.
3. New equipment is acquired for $81,000 cash.
4. Received cash for the sale of equipment that had cost $67,000, yielding a $6,100 gain.
5. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
6. All purchases and sales of inventory are on credit.

the income statement, the comparative balance sheet, and the additional information given above, the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances.

General Journal tab - the entries to summarize the activity between June 30, 2018 and June 30, 2019.

I need the general journal

Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets $ 91,000 $ 32,200 Cash Accounts receivable, net Inventory Prepaid expenses 76,000 65,000 5,900 59,000 90,000 7,400 Total current assets 237,900 189,000 (48,000) 188,600 175,000 (16,000) Equipment Accum. depreciation-Equipment Total assets $378,900 $347,600 Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 28,000 $ 34,000 8,000 4,100 20,000 4,600 Total current liabilities 40,100 35,000 58,600 70,000 Notes payable (long term) Total liabilities 75,100 128,600 Equity Common stock, $5 par value Retained earnings 250,000 53,800 180,000 39,000 Total liabilities and equity $378,900 $347,600 Income Statement For Year Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Total operating expenses $998,000 611,000 387,000 $83,000 99,000 182,000 205,000 Other gains (losses) Gain on sale of equipment Income before taxes 6,100 211,100 64,620 Income taxes expense $146,480 Net income