can you please do part d

RESOURCES sive Oyde 03 (Part selon its by Study Comprehensive Accounting Cycle Review 11-02 (Part Level Submission) Karen Noonan opened Kingbird Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 Issued 3,700 shares of Kingbird Cleaning Services common stock for $9,620. Each share has a $1.50 par. 1 Borrowed 55,920 on a 2-year, 6% note payable. Pald 56,670 to purchase used floor and window cleaning equipment from a company going out of business ($3,570 was for the floor equipment and $3,100 for the window equipment) 1 Paid $160 for February Internet and phone services. 3 Purchased deaning supplies for $230 on account. Hired 4 employees. Each will be paid $360 per 5-day work week (Monday-Friday) Employees will begin working Monday, February 9. 5 Obtained insurance coverage for $7,200 per year. Coverage runs from February 1, 2022, through January 31, 2023. Karen paid $1,820 cash for the first quarter of coverage 5 Discussions with the intrance agent indicated that providing outside window cleaning services would cost too much to insure Karen sold the window cleaning equipment for $2,920 cash 26 billed customers $2,990 for cleaning services performed through February 13, 2022 17 Received $396 from a customer for 4 weeks of cleaning services to begin February 21, 2022. (By paying in advance, this customer received 10 off the normal weekly fee of $110.) Paid $220 on amount owed on cleaning supplies 20 Paid $3 per share to buy 220 shares of Kingbird Cleaning Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares Billed customers $3,180 for cleaning services performed through February 20 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20) 25 Collected $1.850 cash from customers billed on February 16. 27 5160 for Internet and phone services for March 28 Dudared and paid a cath dividend of $0.15 per share Your answer is correct RCES 2 udy 3. S. 6. (d) Journalize the following adjustments. (Credit account titles are automatically indented when amount is entered. Do not indent account titles and enter o for the amounts. Record journal entries in the order presented in the problem. Round answers to 1. Services performed for customers through February 27, 2022, but unbilled and uncollected were $2,810. Received notice that a customer who was billed $150 for services performed February 10 has filed for bankruptcy. Kingbird Cleaning Services does not expect to collect any portion of this outstanding receivable. Kingbird Cleaning Services uses the allowance method to estimate bad debts. Kingbird Cleaning Services estimates that 3% of its month-end receivables will not be collected 4. Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated life of 4 years, and $370 salvage value. Record 1 month of insurance expense. An inventory count shows $300 of supplies on hand at February 28. One week of services were performed for the customer who paid in advance on February 17. Accrue for wages owed through February 28, 2022. Accrue for interest expense for 1 month Karen estimates a 20% income tax rate. (Hint: Prepare an income statement up to "income before taxes" to help with the income tax calculation) No. Account Titles and Explanation 1. Accounts Receivable 2810 Service Revenue 2810 2. Allowance for Doubtful Accounts Accounts Receivable 8 9. 10. Debit Credit 150 150 3. Bad Debt Expense Allowance for Doubtful Accounts 4. Depreciation Expense Accumulated Depreciation Equipment 5. Insurance Expense 606 Prepaid Insurance 606 6. Supplies Expense 430 CES Credit Debit . 7614 Cash 4220 Accounts Receivable > 730 Supplies luuli udy 1820 Prepaid Insurance 160 Prepaid Expenses 70 Equipment 510 Accounts Payable 5920 Notes Payable > 396 Unearned Service Revenue 5550 Common Stock 4070 Pald-in Capital in Excess of Par Value-Common Stock 522 Cash Dividends 660 Treasury Stock Service Revenue 6070 Utilities Expense 160 Salaries and Wages Expense 2880 180 Loss on Disposal of Plant Assets Totals 22516 22516 Click if you would like to show Work for this question: Open Show Work