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fill in the income statement blanks. the first 2 pictures is information needed here are more photots to help do the balance sheet Cost of

fill in the income statement blanks. the first 2 pictures is information needed
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Cost of Goods Sold Other Operating Expenses Salaries and Wages bepense Fich Taxes Prable Federal Income Taxes Paysble Salaries and Wages Payable Interest Exponse Depreciation Expense Accumulated Deprociation-Equipment Pyroll Fax Expence State Unemolonnent Toxes Pavale Federal Unhemployment Taies Payable Inurance fipense Total 238,500 27,000 58000 \begin{tabular}{|r|} \hline 8.874 \\ \hline 8020 \\ \hline 45,543 \\ \hline \end{tabular} \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline 225 \\ \hline 540 \\ \hline \\ \hline \\ \hline \end{tabular} +x \begin{tabular}{|r|} \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{r} 7.917 \\ \hline+9 \end{tabular} 3132 348 \begin{tabular}{|r|r|} \hline & 450 \\ \hline 5 & 595,162 \\ \hline \end{tabular} Prepare an income statement for the month ending January 31, 2022. (Round answers to 0 decimal places, es. 5,275.) BONITA COMPANY Income Statement 5 Bonita Company's balance sheet at December 31,2021, is presented below. During January 2022, the following transactions oxcurred. (Bonits Compary uses the perpetual imventory system) 1. Bonita paid $225 interest on the note payable on January 1, 2022. The note b due December 31,2023. 2. Bonitapurchued $234990 of inventorr on aceount 3. Bonita sold for $39,000 cosh, inventory which cost $238500. Eonita abo collected $25,740 in sales taves 4 Bonita paid $207,000 in accounts pryable. 6. Paid other operaline expenses of $27,000 7. On Junuary 31, 2022, the parifoli for the month comists of salaries and wages of $58,000. All salaries and wages are subj to 7.65% FiCA tawes. A total of $8,020 federal income taxes are witheld. The salaries and wages are pald on February 1. 8. Interest expense of $225 has been incurred in lanuary on the notes payable. 9. The insurance for the year 2022 was prepaid on December 31, 2021 10. The equigment was acquired on December 31, 2021, and will be depreciated on a straight-line basis over 5 years with a $1,800 salvage value. 11. Employer's pryroll taxes include 7.65% FiCA taves, 5.4% state unemployment tax, and an 0.6% federal unemployment tax. (a) Prepare journal entries for the transactions listed above and the adjusting entries. (Credit occount titles ore automatically indented When omount is entered. Do not indent manually. Round answers to 0 decimal ploces, es. 5,275 .) Accounts Payable 234,990 3. Cash Sales Revenue Sulet Taxes Paryable 421.740 \begin{tabular}{|r|} \hline 396,000 \\ \hline 25,740 \\ \hline \end{tabular} (To record sales revenue.) Cost of Goods Sold 238,500 Inventory 238,500 (To record cost of poods sold.) 4. Accounts Prindte 209.900 Cash 5. Sales Taxes Payable 15,300 Cash 6. Other Operating Expenset 27,000 15,300 207,000 5. Sales Taxes Payable \begin{tabular}{r} 15,300 \\ \hline \\ \hline \end{tabular} \begin{tabular}{|r|} \hline 207,000 \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline 15,300 \\ \hline \end{tabular} Cash 7. Salaries and Wages Exponse 58000 27,000 FiCA Tawes Parable 4,437 7. Salaries and Wages Expense 58.000 FICA Taxes Payable Federal Income Taxes Payable 4.437 5alaries and Wages Payable 8,020 8. Interest Expense 225 45,543 interest Payable 9. Insurance Expense 450 225 Prepaid Insurance 10. Depreciation Expense. 540 450 Mccumulated Depreciation Equipment 540 11. Payroll Tax Expense 7.917 FicA Taxes Payabie 4,437 State Unemployment Taxes Parable 3,132 Federal Unemployment Taves Payable 348

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