Beg. bal. Cash 10.000 40,000 Beg bal (d) Accounts Receivable 9,000 25.000 fa) 16,000 (b) 9,000 (9) (c) 5,000 100,000 End, bal 25,000 39,000 e) 8,000 End: bal. 92,000 Small Tools Beg, ball Supplies 3,000 21.000 Beg bal 5,000 End, bal 19.000 End, bal Equipment Accumulated Depreciation Beg. bal Beg bal End bal End, bal 0 Other Assets Accounts Payable Bog bal Beg bal End bal End bal 0 Notes Payable Dividends Payable Bog bal Beg ball Transactions during 2020 follow: a. Borrowed $40,000 cash on July 1, 2020, signing a one-year, 10 percent note payable. b. Purchased equipment for $16,000 cash on July 1, 2020. c. Sold 10,000 additional shares of capital stock for cash at $.50 market value per share at the beginning of the year. d. Earned $125,000 in revenues for 2020, including $25,000 on Credit and the rest in cash. e. Incurred $35,000 in wages expense and $11,000 in miscellaneous expenses for 2020, with $7,000 on credit and the rest paid with cash. Note: Wages are paid in cash. f. Purchased additional small tools, $8,000 cash. g. Collected accounts receivable. $9,000. h. Paid accounts payable, $12,000. i. Purchased $21,000 of supplies on account J. Received a $7,000 deposit on work to start January 15, 2021. k. Declared a cash dividend on December 1. $12.000 paid on December 31. Data for adjusting entries: 1. Supplies of $5,000 and small tools of $15.000 were counted on December 31, 2020 (debit Miscellaneous Expenses). m. Depreciation for 2020, $4,000. n. Interest accrued on notes payable to be computed). o. Wages earned since the December 24 payroll but not yet paid, $3,000 p. Income tax expense was $3,000. payable in 2021 CD 5