adjust these entries (credit debit warranty exoense, unearned reveune, account payable, utilities payable imoairment loss, office furniture, insurence expense, prepaid insurance, cost of goods sold, bad debt expense, allow of doubtful accounts, rent payable, rent expesne, goodwill, depreciation expesne- furniture, alloq for warranty expense, additional paid capital- common stock, cash, offiice supplies, coomon stock)

Previously Mows lawn co had purchased office furniture. The office furniture was purchased for

$30,000. Mows lawn co expects the furniture to last 10 years and value $0 at the end of its useful

You notice that monthly depreciation expense for 2018 has not been recorded. They will need

to book 12 months of depreciation expense in December.

. An insurance policy was purchased for $3,000. The policy term was for April 2018 - May 2019.

. Joes co. paid for 500 lawn mower last month for $50 each. These lawn mowers were

shipped out in December, but not yet recorded. The shipping cost was already included in the

selling price. The cost of each lawn mower to Mows lawn Co. is $10 each

. Mows lawn company provided installation service to Farm central Inc for $78,000. Mows lawn co. issued an invoice to Farm central Inc with payment terms 5/10 net 30.

Squeaky Cleaning, a cleaning service, provided services to Mows lawn during December.

An invoice was received for the amount of $12,000 due in 30 days.

. Mows lawn co. conducted a physical count of their inventory. The value of current inventory was

$39,000. (physical inventory count revealed an inventory shortage)

Based on previous experience, Mows lawn Co estimates that 5% of its accounts receivable balance

will go uncollected.

. Mows lawn co. aquired BD Company, smaller company, in 2017 for $200,000. At the time of

acquisition, BD Company had net assets of $100,000. The current value of BD Company is $188,000 (in 2018).

Mows lawn co offers warranty on the services it provides. Based on the companies past experience they estimate warranty expense to be 5% of total service revenue. Since this is an estimate, the company rounds the amount to closest thousand dollars.

. Mows lawn co. is wanting to expand its operations and needs additional funding. As a result, they

decide to sell an additional 10,000 shares at a market price of $20. The par value of the stock is $1

. Mows lawn co. purchased 1,000 of its own shares at the market price of $35.00

. Rent expense is $2,000 monthly, but has not yet been paid for December.

. Two utilities invoices were received in the mail on Dec 29th, they have not been paid, or recorded. Amount for 2 bills is 600