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Can you make a undjusted and adjusted journal entry with my anserws In the first month of its operations, Red Bird Corporation, a retaile of

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Can you make a undjusted and adjusted journal entry with my anserws

In the first month of its operations, Red Bird Corporation, a retaile of home appliances, had the following transactions: (1) Incorporated on August 1, 2022. Issued 5,000,000 shares of common stock for $1.50 per share. (2) Paid $60,000 for rent on administrative offices on August 1st for the next five months. (3) Acquired a warehouse for $1,020,000 cash on August 1st. The building has a 40-year life with no salvage value. The company uses straight-line depreciation method. (4) On August 2nd, purchased $4,000,000 of home appliance inventory and paid cash. (5) On August 5th, purchased $1,000,000 of home appliance inventory on account. (6) On August 23rd, received an order of $1,000,000 for a construction project. Inventory is to be delivered in April 2023. The construction company paid for 15 percent of the order in cash on August 23rd. (7) On August 24th, received a payment of $150,000 from a customer for appliances to be delivered within 30 days. As of the end of August, the appliances are yet to be delivered. (8) Paid $115,000 in payroll on August 31st; $100,000 to warehouse personnel and $15,000 to administrative staff. (9) Paid utilities of $30,000 on August 31 st; $25,000 for the warehouse and $5,000 for the administrative offices. (10) Sales for the month totaled $4,200,000, and 60 percent of sales are credit sales. (11) The cost of sales for the month of August totaled $3,800,000. (12) Corporate income tax rate is 21 percent and will be paid in April of next year. Use to complete the journal entries, adjusting entries, and closing Ournal entry template entripe add as many pages as needed to complete the requirements. Journal entry template Use to complete the journal entries. adiustina entries, and closing entria

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