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can you help me nuuuulu uuw Gun. uluun Cash 6,000 Accounts receivable 6,000 Allowance for uncollecta ble accounts Supplies Materials Equipment Accumulated Depreciation Land Accounts

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image text in transcribed nuuuulu uuw \"Gun. uluun Cash 6,000 Accounts receivable 6,000 Allowance for uncollecta ble accounts Supplies Materials Equipment Accumulated Depreciation Land Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable Common stock (8,000 shares, $0.50 par value Additional paid-in capital Retained earnings Service revenue Wages expense Supplies expense Bad debt expense Interest expense Depreciation expense Income tax expense Misc. expenses 110,000 Transaction during 2019: a. $15,000 cash was borrowed on a five-year 8% note payable, dated 3/ll2019. b. $13,000 cash was paid for [and c. Earned $215,000 in sales revenues for 2019. $52,000 on account and the remainder in cash. d. Issued 4,000 additional shares of common stock for cash at $1 per share on lflf2019. c. Incurred $114,000 in miscellaneous expenses for 2019, $20,000 on credit and the nest paid in cash. f. Collected $34,000 owned on account. g. Purchased materials with $15,000 cash. h. Purchased $27,000 supplies on account. 1. Paid $26,000 accounts payable. j. Signed a $12,000 one-year service contract for work to begin on 21/1/2020. k. Declared and paid $25,000 in cash dividends. Adjusting entries: 1. $18,000 in supplies remained on 12312019. m. $10,000 depreciation on equipment. 1). Interest accrued on notes payable in step a. 0. $16,000 in wages earned but will not be paid until 1139020. p. $11,000 in income taxes for 2019 will be paid in 2020. q. $2,000 was written off during the year. r. $2,000 of AR is estimated to he uneollectable. Hint: The AiUA has a $1,000 debit balance aer the mite-offs. Required: 1) Prepared journal entries for the 2019 and ransactions and post them to the ledger. 2) Prepared and post the adjusting entries (Adjusted rial balance total debits =404,000) 3}Prepared the Income Statement, Balance sheet, Statement of cash flow, and statement of stockholder's equity in the correct order (Total liabilities and stockholders equity = 182,000) 4)Journalize and post the closing entries. 5}Compute the following ratios for 2019 and explain what you W

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