Debit Credit 200,800 Account 1 Selling & General Admin expenses 2 Accumulated doprociation building & equipment 3 Tax Payable 70.000 10,500 4 Interest experise 5,000 5 Unearned Sales revenue 2.400 Account Debit Credit 32 Supplies 15,000 33 Dividend payable 17,000 34 Accumulated other comprehensive income, beginning balance 35,000 35 Treasury ending balance 45,000 36 Preferred stock, par value $50 per share, ending balance 200,000 37 Common stock, par value S1 per share, ending balance 150,000 38 Paid in capital in excess of par - Common stock, ending balance 1,350,000 39 Retained eamings, beginning balance 21,000 The balances above were taken from the books of Parnevik Corp. on December 31, 2019, otherwise noted. Beginning balance refers to balance on 1/1/2019. 200,000 6 Finished goods Inventory 7 Allowance for doubtful accounts 8 Goodwill 7.000 457,234 9 Impairment of goodwill 10 Debt Investments (trading securities) 25 000 515.000 153.000 Note: 21 ODO 11 Sales returns and allowances 12 Unrealized holding losses on available for sale securities 13 Bonds payable (long term) 14 Unrealized holding gains on trading securities 2.000.000 15.000 7 15 Cash 16 Sales revenue 1. 25.000 of cash is restricted for the collateral for the debt service as of 12/31/2019. 2. 6% cumulative preferred stock, S50 par value. 4,000 shares issued and outstanding, preferred dividend is cumulative. No preferred stock was issued since 2016. 3. Preferred dividend has been paid until 2016. No preferred dividend has been paid since 2017. 4. 100,000 shares issued and zero treasury stock on 1/1/2019. 5. 50.000 shares of common stock are issued on 7/1/2019 for $500,000 6. 3,000 shares are repurchased on 10/1/2019, the company paid $45,000 and it uses cost method for treasury method accounting. 7. Assume the total effective tax rate on all items in income statement (otherwise noted) is 15% 2,324.000 30 000 3.000 624,700 1.000 100,000 17 Copyrights 18 interest revenue 19 Cost of goods sold 20 sales discount 21 and 22 Available-tor-sale securities (Non-current) 23 Accounts payable 24 Building and Equipment 25 Prepaid Other Operating Expense 26 Dividend declared 155,000 Required: A Make sure to show work clearly for ending balance of the following account. B1. Cash B2. Retained earnings B3. Accumulated other comprehensive income. 202.000 310,000 20.000 25,000 150,000 15.000 27 Accounts receivable 28 Gain on discontinued operations, after tax 29 Premium on bonds payable 30 Unrealized gain on cash flow hedge 31 Work in process 2.000 12.000 10.000 Debit Credit 200,800 Account 1 Selling & General Admin expenses 2 Accumulated doprociation building & equipment 3 Tax Payable 70.000 10,500 4 Interest experise 5,000 5 Unearned Sales revenue 2.400 Account Debit Credit 32 Supplies 15,000 33 Dividend payable 17,000 34 Accumulated other comprehensive income, beginning balance 35,000 35 Treasury ending balance 45,000 36 Preferred stock, par value $50 per share, ending balance 200,000 37 Common stock, par value S1 per share, ending balance 150,000 38 Paid in capital in excess of par - Common stock, ending balance 1,350,000 39 Retained eamings, beginning balance 21,000 The balances above were taken from the books of Parnevik Corp. on December 31, 2019, otherwise noted. Beginning balance refers to balance on 1/1/2019. 200,000 6 Finished goods Inventory 7 Allowance for doubtful accounts 8 Goodwill 7.000 457,234 9 Impairment of goodwill 10 Debt Investments (trading securities) 25 000 515.000 153.000 Note: 21 ODO 11 Sales returns and allowances 12 Unrealized holding losses on available for sale securities 13 Bonds payable (long term) 14 Unrealized holding gains on trading securities 2.000.000 15.000 7 15 Cash 16 Sales revenue 1. 25.000 of cash is restricted for the collateral for the debt service as of 12/31/2019. 2. 6% cumulative preferred stock, S50 par value. 4,000 shares issued and outstanding, preferred dividend is cumulative. No preferred stock was issued since 2016. 3. Preferred dividend has been paid until 2016. No preferred dividend has been paid since 2017. 4. 100,000 shares issued and zero treasury stock on 1/1/2019. 5. 50.000 shares of common stock are issued on 7/1/2019 for $500,000 6. 3,000 shares are repurchased on 10/1/2019, the company paid $45,000 and it uses cost method for treasury method accounting. 7. Assume the total effective tax rate on all items in income statement (otherwise noted) is 15% 2,324.000 30 000 3.000 624,700 1.000 100,000 17 Copyrights 18 interest revenue 19 Cost of goods sold 20 sales discount 21 and 22 Available-tor-sale securities (Non-current) 23 Accounts payable 24 Building and Equipment 25 Prepaid Other Operating Expense 26 Dividend declared 155,000 Required: A Make sure to show work clearly for ending balance of the following account. B1. Cash B2. Retained earnings B3. Accumulated other comprehensive income. 202.000 310,000 20.000 25,000 150,000 15.000 27 Accounts receivable 28 Gain on discontinued operations, after tax 29 Premium on bonds payable 30 Unrealized gain on cash flow hedge 31 Work in process 2.000 12.000 10.000