Answer the following transactions with solution and explanation on how did you get the answer. Please read and follow the direction.

Exercise 17 ed to be You are given the following working paper which you are required to complete: SHOPWISE MART SIX-COLUMN WORKSHEET DECEMBER 31, 2019 riod: Adjustments Trial Balance Adjusted Trial Balance Debit Credit Credit Credit Debit Debit 2 10 2 1 e the 24 4 7 12 1 asset 4 3 3 26 5 42 Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Office Supplies Inventory Store Furniture & Fixtures Accumulated Depreciation Accounts Payable Santos, Capital Santos, Personal Sales Sales Returns Advertising Rent Sales Salaries Totals Prepaid Rent Salaries Payable Cost of Sales Bad Debts Depreciation Office Supplies Used 2 3 7 11 78 78 2 12 Totals The company is using the perpetual method of recording inventory Exercise 18 maturity date Exercise 21 Using the data in No. 17 but assume that a 90 day 12% interesting bearing note was issued by Ramos Incorporated. Give the entries on November 2, December 31 end of the accounting period and on maturity date