ENTREGA HORA DE LA CLASE. EL MIERCOLES, 27 LA CLASE ES VIRTUAL ID De Mon-1- Second Chhorn Problem One - Prepare the financial statements - 40 points w ramyab ngewone who you were for the month and December 2007 are en het op 112. f 41 and thout were made Calte Company Attedrale CERE De STO 2.200 10 000 100 Cash Account Receive S Ent Accused Deereen Account Parte Une Serie Revue Common Stock Red Eam Dividends Service Supplies Expert Depren Expense Hent Expense 54 3.800 5.000 10,000 4400 2.000 4700 2.500 2.300 231100 Problem Two - Prepare the adjusting entries for this company - 20 points Selected amounts from Capitol Company's trial balance of 120 121 below Accounts Payable S 169.000 2 Accounts Receivable 150 000 3. Accumulated Deprecation 200 000 Alowance for Dost Account 20.000 5. Bonds Payable 500 000 6 Cash 150.000 7. Common Stock 80.000 & Equipment $70,000 Prepard Insurance 20.000 10 Interest Expense 11 Inventory 12 Notes Payable (due 5/1/18) 13. Prepaid Rent 14 Retained Eamings 15 Salaries and Wages Expense 10.000 300.000 200.000 240.000 818.000 328.000 (All of the above accounts have their standard or normal debitor credit balance.) Prepare adjusting joumal entries at year end. December 31, 2021. based on the following supplemental information And present your calculations to arrive at your answers as they are considered in the punctuation of each journal entry (20 points) a. The equipment has a useful life of 5 years with no salvage value (Straight line method being used) b. Interest accrued on the bonds payable is $10,000 as of 12/31/21 Prepaid insurance during 36 months, paid in April 1. 2021 dThe rent payment of $240,000 covered 24 months paid in March 1, 2021 e Salaries and wages earned but unpaid at 12/31/21, $22.000 Utilities expenses but unpaid at 12/31/21. $14,000 9 Services performed for clients, but unbilled for $100,000 h Income taxes for 2021 was $35.000 f