Company Name I really really love Accouting

As of January $1,2024$

Debit Credits

Cash $60,000$

Short term Investment $22,300$

Accounts Receivable $95,000$

Allowance for Doubtful Accounts $4,800$

Additional Paid in Capital $-$ Preferred $16,000$

Inventory $165,000$

Automobiles $32,000$

Buildings $425,000$

Land $250,000$

Equipment $115,000$

Accumulated Dep $-$ Building $261,000$

Accumulated Dep $-$ Equipment $75,000$

Accumulated Dep $-$ Automobiles $19,000$

Patent $3,000$

Sales $375,000$

Sales Returns $5,000$

Non Controlling Interest $3,500$

Cost of Goods Sold $150,000$

Accounts Payable $52,000$

Wages Payable $13,000$

Long$-$Term Note $200,000$

Retained Earnings, Beginning $284,000$

Common Stock $233,750$

Additional Paid in Capital$-$ Common $27,000$

Treasury Stock $4,000$

Wage Expense $41,000$

Rent Expense $12,000$

Utilities Expense $8,000$

Employee Benefit Expense $5,000$

Advertising Expense $7,500$

Preferred Stock $40,000$

Credit Card Expense $42,000$

Sales Discount $3,100$

Supplies Expense $5,400$

Accumulated Comprehensive Income $-6,000$

Amortization Expense $($First year on Patent$)500$

Insurance Expense $5,800$

Rental Revenue $5,000$

Interest Expense $2,750$

Dues Expense $7,000$

Unearned Revenues $5,400$

Prepaid Insurance $-$ Current $7,000$

Auto Expense $8,200$

Interest Income $1,200$

Good Will $142,000$

Additional Paid in Capital $-$ Treasury $1,900$

Totals $1,623,5501,623,550$

Important Notes

$1.$ The income tax rate is $08\%$

$2.\text{'}$$$22,000$ of the long$-$term note payable is due in the current year

$3.$ The investment account is considered short$-$term in nature

$4.$ At this point no taxes have been accrued

$5.$When I made this I linked my spreadsheet so you may have some small rounding

$6.$ List the expenses in order of magnitude $($biggest first$)$

$7.$ A cash dividend for $$17,000$ was declared on $9-29-2021$ to be paid $9-30-2021$

$8.$ The company uses the LIFO inventory method

$9.$ Based on the Accounts receivble aging method the allowance should be $9,000$

$10.$ Annual Depreciation has not been recorded it should be a follows

Building $18,000$

Equipment $11,500$

Automobile $4,000$

Project:

$1.$ Make a Balance Sheet in Good Form

$2.$ Make an Income Statement in Good Form

$3$ Make a Statement of Equity