CREATE ORGANIZED TABLES

File Edit Format View Help Property, plant, and equipment (net) $16,894 Receivables Other current assets 1,929 Retained earnings Accounts payable Cash 1,184 Prepaid expenses Spare parts, supplies, and fuel 694 2,370 Accrued expenses payable Long-term notes payable 1,790 Other non-current assets Common stock ($0.01 par value) 1 12,606 1,557 258 $2,299 Other non-current liabilities Other current liabilities 2,239 3,002 Additional Paid-in Capital 3,740 1,057 who paid $8,890 in cash and owed $34,304 on account. signed a long-term note. Provided delivery service to customers, Purchased new equipment costing $3,734; Paid $10,864 cash to rent equipment and aircraft, with $5,386 for rent this year and the rest for rent next year (a Spent $1,164 cash to repair facilities and equipment during the year. Collected $33,285 from customers on account. Repaid $300 on a long-term note (ignore interest). Issued 200 million additional shares of $0.01 par value stock for $31 (that's $31 million). Paid employees $13,026 for work during the year. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $11,064 cash. Used $7,200 in spare parts, supplies, and fuel for the aircraft and equipment during the year. Paid $1,084 on accounts payable. Ordered $118 in spare parts and supplies. Required: 1.Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for January 1 of the current year- Record in the T-accounts the effects of each transaction. Label each using the letter of the transaction. 3.Prepare an unadjusted income statement for the current year ended December 31. I 4 Compute the company's net profit margin ratio for the current year ended December 31.

Provlded delivery service to customers, who paid $8,890 in cash and owed $34,384 on account. Purchased new equipment costing $3,734; signed a long-tera note. paid $10,864 cash to rent equipment and aircraft, with \$5,386 for rent this year and the rest for rent next year (a Spent $1,164 cash to repair facilities and equipeent during the year. Collected $33,285 from customers on account. Repaid $300 on a long-term note (ignore interest). Issued 280mililion additional shares of $0.01 par value stock for $31 (that's $31 million). Paid eaployees $13,026 for work during the year. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $11,664 cash. Used $7,209 in spare parts, supplies, and fuel for the aircraft and equipment during the year, Paid $1,084 on accounts payable. Ondered $118 in spare parts and supplies. Required: 1. Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for January 1 of the current year Record in the Traccounts the effects of each transaction. Label each using the letter of the transaction. 3. Prepare an unadjusted income statement for the current year ended December 1. Provlded delivery service to customers, who paid $8,890 in cash and owed $34,384 on account. Purchased new equipment costing $3,734; signed a long-tera note. paid $10,864 cash to rent equipment and aircraft, with \$5,386 for rent this year and the rest for rent next year (a Spent $1,164 cash to repair facilities and equipeent during the year. Collected $33,285 from customers on account. Repaid $300 on a long-term note (ignore interest). Issued 280mililion additional shares of $0.01 par value stock for $31 (that's $31 million). Paid eaployees $13,026 for work during the year. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $11,664 cash. Used $7,209 in spare parts, supplies, and fuel for the aircraft and equipment during the year, Paid $1,084 on accounts payable. Ondered $118 in spare parts and supplies. Required: 1. Prepare journal entries for each transaction. 2. Enter the ending balances from December 31 as the respective beginning balances for January 1 of the current year Record in the Traccounts the effects of each transaction. Label each using the letter of the transaction. 3. Prepare an unadjusted income statement for the current year ended December 1