can someone please solve required part -1 part g and the required part 2-3-4 .
P3-6 (Algo) Analyzing the Effects of Transactions Using T-Accounts, Preparing an Income Statement, and Evaluating the Net Profit Margin Ratio LO3-4, 3-5, 3-6 Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year): These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the, next fiscal year beginning January 1 (the current year): a. Provided delivery service to customers, tho paid $12,890 in cash and owed $40,704 on account. b. Purchased new equipment costing $3,894; signed a long-term note. c. Paid $12,464 cash to rent equipment and aircraft, with $6,586 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $1,324 cash to repair facilities and equipment during the year. e. Collected \$38,085 from customers on account. f. Repaid $380 on a long-term note (ignore interest). 9. Issued 200 million additional shares of $0.01 par value stock for $39 (that's $39 million). h. Paid employees $15,026 for work during the year. 1. Purchased spare parts, supplles, and fuel for the aircraft and equipment for $13,464cash. 1. Used $7,600 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $1,244 on accounts payable. I. Ordered \$134 in spare parts and supplies. 1. Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for January 1 of the current year. Record in the T-accounts the effects of each transaction. Label each using the letter of the transaction. 3. Prepare an unadjusted income statement for the current year ended December 31 . 4. Compute the company's net profit margin ratio for the current year ended December 31. Complete this question by entering your answers in the tabs below. Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter amounts in millions, not dollars. Journal entry worksheet Issued 200 million additional shares of $0.01 par value stock for $39 (that's 439 million). Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Other Non-current Assets } \\ \hline Debit & & & \\ \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline \end{tabular} Prepare an unadjusted income statement for the current year ended December 31. Note: Enter your answers in millions, not in dollars. g. Issuea milion adartionai snares or \$U.UI par vaiue stock tor $3y (that S \$Sy milion). h. Paid employees $15,026 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $13,464 cash. j. Used $7,600 in spare parts, supplies, and fuel for the aircraft and equipment during the yea k. Paid $1,244 on accounts payable. I. Ordered $134 in spare parts and supplies. Required: 1. Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for Janu T-accounts the effects of each transaction. Label each using the letter of the transaction. 3. Prepare an unadjusted income statement for the current year ended December 31. 4. Compute the company's net profit margin ratio for the current year ended December 31. Complete this question by entering your answers in the tabs below. Compute the company's net profit margin ratio for the current year ended December 31 . Note: Round your percentage answer to 1 decimal place (i.e., 32.1)
