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can you do it in journal entries sheet plz Onreal entries arriered and the T-Arunk tabisuntated please creare the financial statements VEEL Activity For The

can you do it in journal entries sheet plz
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Onreal entries arriered and the T-Arunk tabisuntated please creare the financial statements VEEL Activity For The Month of January 2. Mason Automotive sells 5,000,000 Shares at 54 par for 522 on January 1st, 2021 Ed Mason, the CEO hires 3,500 employees, whom will receive a combined salary of $5.6 Million on a 2 monthly basis. The employees started on January 1st and will be paid for the month of January on February 4th. Employee's withholdings are as follows: 115 for federal income taxes 5.6% for state income taxes and 7.65% for FICA. Record the necessary entry as of the date of hire, January 1st, 2021 9 10 3. Mason Automotive pre-pays for rent Expense for the next three years of $22 Million on January 1st, 2021 Mason Automotive purchased $175 Million dollars worth of inventory on January 3rd, 2021. 585 Million 4 was paid with cash with the remaining balance on account. Mason notes that it will use a perpetual inventory system to track inventory. 11 12 13 14 Mason Automotive purchased 58 Million dollars worth of supplies on account on January 4th, 2021. Mason Automotive purchases foxed assets of $155 Million that will have a useful life of 15 years and a 6 salvage value of $40 million on January 5th, 2021 555 million was paid with cash with the remaining balance on account. These assets are depreciated using the straight-line method 15 16 Mason Automotive issues a bond payable on January 7th, 2022 with a face value of $119 Mon at 97 The bond will have a useful life of 15 years with an interest payment of 7.596 (Annual Percentage Rate) due at the end of the month Record the necessary journal entry as of January 5th 2021 17 18 Note: When considering the amortization of the discount or premium assume the straight line method is used. Interest will be accrued on a monthly basis 19 On January 8th, Mason Automotive receives 549 Million advance payment from a customer Highland inc. 8 to manufacture 7,000 cars Mason Automotive buys a patent from Apple for $13.75 Million on January 10th 2021. The patent has a legal life of 27 years and useful life of 15 years. Record the necessary entry as of January 10th 2021 Assume the patent was purchases using cash Onnuary 11th, Mason Automotive shipped into Panther Paws Corporation. The shipping terms 10 were FOB shipping point. The sales au of the order was 5185 Million and the inventory cost was 595 Mon Assume that this sale was made on sccount EURO 21 On ianuary 21 Masen Automotive decesso purchase. 195.000 shares of TV 526 Qershare There are 10 plated Month End Adjust B E Credit Amount ($) A B Debit Account D Debit Amounts 110.000.000 Credit Account JE 1 Common Stock Additional Paid In Capital 20 000 000 90.000.000 2 5 CERY SHOW o

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