Everything there is correct, i just need to complete everything else. Thanks.

Use the following financial statements and additional information. EDMUNDS INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity. Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Total operating expenses EDMUNDS INCORPORATED Income Statement For Year Ended June 30, 2019 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Requirement General Journal No 1 View transaction list General Ledger Date June 30 $ 64,000 72,000 2019 Cash $146,400 68,000 69,000 4,700 288, 100 View journal entry worksheet 140,000 (36,000) $392,100 $33,000 8,000 4,300 45,300 43,000 88,300 250,000 53,800 $392,100 $ 742,000 454,000 288,000 $ 136,000 152,000 Additional Information a. A $42,000 note payable is retired at its $42,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,000 cash. d. Received cash for the sale of equipment that had cost $53,000, yielding a $2,500 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. 2,500 154,500 47,290 $ 107,210 Trial Balance Direct Method 2018 $ 95,900 53,000 Account Title 96,000 5,900 Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances. 250,800 130,000 (12,000) $368,800 $40,000 20,000 4,800 64,800 85,000 149,800 180,000 39,000 $368,800 Indirect Method Debit 737.600 Credit 2 1 2 3 4 5 6 7 8 9 10 11 12 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30. June 30 June 30 June 30 Cash Accounts receivable, net Sales Cost of goods sold Accounts payable Inventory Cash Depreciation expense Accumulated depreciation - Equipment Other expenses Wages payable Prepaid expenses Cash Cash Accumulated depreciation - Equipment Equipment Gain on sale of equipment Income taxes expense Income taxes payable Cash Notes payable (long-term) Cash Equipment Cash Cash Common stock, $5 par value Sales Gain on sale of equipment Income summary Income summary Cost of goods sold Depreciation expense Other expenses Income taxes expense Income summary Retained earnings 727,000 15,000 454,000 7,000 64,000 72,000 12,000 15,500 40,000 47,290 500 742,000 27,000 434,000 64.000 1,200 82,800 53,000 2,500 47,790 Use the following financial statements and additional information. EDMUNDS INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Sales Cost of goods sold Gross profit Operating expenses For EDMUNDS INCORPORATED Income Statement Year Ended June 30, 2019 Depreciation expense Other expenses Total operating expenses Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income $ 64,000 72,000 2019 $146,400 68,000 69,000 4.700 288, 100 140,000 (36,000) $ 392, 100 $ 33,000 8.000 4.300 45, 300 43.000 88 300 250.000 53.800 $ 392, 100 742,000 454.000 288,000 $136.000 152.000 2.500 $ 107,219 2018 $ 95,900 53,000 96,000 5,900 250,800 130,000 (12,000) $368,800 $ 40,000 20,000 4,800 64,800 85,000 149,800 180,000 39,000 $368,800 Additional Information a. A $42,000 note payable is retired at its $42,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,000 cash. d. Received cash for the sale of equipment that had cost $53.000 yielding a $2.500 e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. gain. Use the following financial statements and additional information. EDMUNDS INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity. Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Total operating expenses EDMUNDS INCORPORATED Income Statement For Year Ended June 30, 2019 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Requirement General Journal No 1 View transaction list General Ledger Date June 30 $ 64,000 72,000 2019 Cash $146,400 68,000 69,000 4,700 288, 100 View journal entry worksheet 140,000 (36,000) $392,100 $33,000 8,000 4,300 45,300 43,000 88,300 250,000 53,800 $392,100 $ 742,000 454,000 288,000 $ 136,000 152,000 Additional Information a. A $42,000 note payable is retired at its $42,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,000 cash. d. Received cash for the sale of equipment that had cost $53,000, yielding a $2,500 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. 2,500 154,500 47,290 $ 107,210 Trial Balance Direct Method 2018 $ 95,900 53,000 Account Title 96,000 5,900 Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances. 250,800 130,000 (12,000) $368,800 $40,000 20,000 4,800 64,800 85,000 149,800 180,000 39,000 $368,800 Indirect Method Debit 737.600 Credit 2 1 2 3 4 5 6 7 8 9 10 11 12 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30 June 30. June 30 June 30 June 30 Cash Accounts receivable, net Sales Cost of goods sold Accounts payable Inventory Cash Depreciation expense Accumulated depreciation - Equipment Other expenses Wages payable Prepaid expenses Cash Cash Accumulated depreciation - Equipment Equipment Gain on sale of equipment Income taxes expense Income taxes payable Cash Notes payable (long-term) Cash Equipment Cash Cash Common stock, $5 par value Sales Gain on sale of equipment Income summary Income summary Cost of goods sold Depreciation expense Other expenses Income taxes expense Income summary Retained earnings 727,000 15,000 454,000 7,000 64,000 72,000 12,000 15,500 40,000 47,290 500 742,000 27,000 434,000 64.000 1,200 82,800 53,000 2,500 47,790 Use the following financial statements and additional information. EDMUNDS INCORPORATED Comparative Balance Sheets June 30, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Sales Cost of goods sold Gross profit Operating expenses For EDMUNDS INCORPORATED Income Statement Year Ended June 30, 2019 Depreciation expense Other expenses Total operating expenses Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income $ 64,000 72,000 2019 $146,400 68,000 69,000 4.700 288, 100 140,000 (36,000) $ 392, 100 $ 33,000 8.000 4.300 45, 300 43.000 88 300 250.000 53.800 $ 392, 100 742,000 454.000 288,000 $136.000 152.000 2.500 $ 107,219 2018 $ 95,900 53,000 96,000 5,900 250,800 130,000 (12,000) $368,800 $ 40,000 20,000 4,800 64,800 85,000 149,800 180,000 39,000 $368,800 Additional Information a. A $42,000 note payable is retired at its $42,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,000 cash. d. Received cash for the sale of equipment that had cost $53.000 yielding a $2.500 e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. gain