Complete the following tasks relating to Wuycik Co.s accounting process at year-end 2022:

(a)Prepare the journal entries to record the omitted transactions (T1 through T3).

As you complete this assignment, please: - Prepare your journal entries and supporting calculations using Excel. - Show how you derived the amounts you present that were not given in the problem. - Round all dollar amounts you present in your journal entries to the nearest dollar.

Wuycik Co. is a retailing business operating in the southeastern US. Wuyciks fiscal year-end is December 31, and it prepares financial statements just once a year, at year-end. The company has already recorded most of its transaction and adjusting entries for the year ended December 31, 2022. The resulting trial balance follows:

What I have so far:

Wuycik Co. is a retailing business operating in the southeastern US. Wuycik's fiscal year-end is December 31, and it prepares financial statements just once a year, at year-end. The company has already recorded most of its transaction and adjusting entries for the year ended December 31, 2022. The resulting trial balance follows: Wuycik has not yet recorded certain transactions and adjustments, and these omitted items are the focus of this assignment. Information pertaining to the omitted transactions and adjustments follows: OmittedTransactions T1. On December 31, 2022, Wuycik engaged in an exchange of buildings with AAA Co. The following information pertains to the building each company owned immediately before the exchange: In addition, Wuycik received $12,180 cash from AAA. Assume the exchange of buildings has commercial substance. T2. On December 31, 2022, Wuycik engaged in another exchange of buildings, this one with ZZZ Co. The following information pertains to the building each company owned immediately before the exchange: In addition, Wuycik received \$32,828 cash from ZZZ. Assume this exchange of buildings lacks commercial substance. T3. Wuycik purchased equipment on December 31, 2022. The company gave a down payment of $5,250 and signed a 7-year promissory note for the balance due. The note requires Wuycik to make annual payments of $4,979 with the first payment due on December 31, 2023. The prevailing market rate of interest for comparable notes is 9%. Omitted Adjustments A1. On January 2, 2022, Wuycik received a promissory note from a customer as consideration in an inventory sale transaction. Wuycik recorded the sale, but it has not yet recorded the interest earned on the note during 2022. The 4\%,\$33,625 term note requires the customer to pay interest annually each January 1, 2023 through 2025. The relevant market rate of interest on the issue date was 8%. A2. Wuycik purchased its buildings in 2012 and its equipment in 2015. Wuycik uses the straight-line depreciation method. For the buildings, the company uses an estimated life of 36 years and no salvage value. For the equipment, it uses an estimated life of 9 years and no salvage value. (Note - For the 2022 depreciation calculations, ignore the new fixed assets Wuycik acquired on December 31, 2022 - the new buildings and equipment received in T1, T2 and 3 . Do consider the old buildings Wuycik gave in T1 and T2, though, as the company used these assets for the full year. You should assume that Wuycik computed the 2022 depreciation on them for T1 and T2, but has not yet recorded the amounts.) Notes: Gain on exchange = Fair value of building received - Fair value of building given + cash received =$101,728$113,900+$12,100=$8,900 Notes: Gain on exchange =Fair value of building received - Fair value of building given + cash received =$212,645$226,400+$12,828=$12,228 Notes: purchase price of the equipment is equal to face value of promissory