can you do the transactions and adjustments for PIPS?

words Part A Enter the June transactions and adjustments for Jun-01 Purchased 13.000 pens $ 0.25 also on account $ 130 Jun-06 Collected of accounts receivable from May sales Jun-06 Paid $ 68,000 $ 16,400 $250 of accounts payable from May purchases cash for supplies Jun-08 Paid Jun-10 one of the company's customers has declared bankruptcy and the company wrote off his account. $ 1,200 The customer owed the company June 15 Purchased 6,000 pens Jun-30 The company's building has a $ 0.26 each. $ 60 40year useful life. The land is worth 33% of the building's value $65,000 on account. The company uses straight-line depreciation. Jun-30 During June, the company's sales were Jun-30 the Company uses a FIFO periodic inventory system. The inventory count showed that there were 8,000 Jun-30 Declared and paid pens in the warehouse. (First, fill out the Cost of Goods Sold schedule on the next page) $ 1,800 cash dividend to its shareholder. used during the month. On Jan. 1 Insurance coverage the company paid Jun-30 Adjusted for insurance 24 months of $ 6,000 for Jun-30 Emloyee salaries are paid on the 10 of the following month (for example: the November salary is paid on Dec. 10). The employee salaries have Jun-30 Recorded interest on the $250,000 25 annual installments, starting on June 30 Jun-30 Counted the office supplies and found that there were Jun-30 The company's policy is to keep a level of Allowance for doubtful accounts of of Accounts Receivables. Record the bed debt expense. decreased by 10% during the month. 25year, annual 9% Bank loan. The loan principal is to be paid in this year. The interest is to be paid semiannuailyon June 30, $100 supples lett 4.80% 12 ENG PIPS company in the accounting equation that follows each on account, FOB shipping point Shipping cost was were paid as custom charges 12:35 nsert Draw Design Layout References Mailings Review View Help Assets Cash 25,000 Acct pay 30,464 Salary pay Accounts Receivable (net) Inventory 3,200 Loan from bank Prepaid insurance 1,750 Interest pay Supplies 120 Building 450,000 Accu. Dep -112,500 Jun-01 Jun-06 Jun-06 Jun-08 Jun-10 Liabilities Common 18,500 stock 20,000 250,000 2,500 0 Alexandr Shahan Shareholders' Equity 84,000 Retained Earnings Comments Share nsert Draw Design Layout References Jun-30 Jun-30 FIFO cost of goods sold: Beginning inventory June 1 10,000 pens 5,000 pens Purchased June: FIFO cost of goods sold June 30 Ending Inventory June 30 A F3 4 2. W 3 F -sample exam b- 136043 (1) Protected View Seven Mailings Review View He $ 0.21 $ 0.22 A ** 4 D * 5 O ASUS ZenB & 7