Financial Statement Homework #3 Name YOU MUST SUBMIT ALL HANDWRITTEN PAGES OF THIS DOCUMENT Part set the Trial Balance HERE Fuey Mountain Campo Trial Balance 12 Instructions You must tum in the work performed on the shorts the The WILL NOT BE ACCEPTED ON PLAIN PAGE Write the journal entries on the following General Journal page) required for each of the events described below. Write the antes in the order described below (L-18) L ONLY the accounted on the balance for your journes Post the transactions to individual T-accounts and prepare and the balance for your signed company from page one as of December 31, 2017 2009 1. The company purchased a building December 1, 2017 with LT Mortgage Payable of 300.000 Interest. (Record the purchase of the building) ses Se SOLDO 15000 600 2000 D 12000 2. The company issued 1,000 shares of Common Stock for $6,000 on December 25, 2017 3. On December 29, 2017 the company dedared a cash dividend of $3.00 per share for common stock on shares issued and declared nouding the additional 1,000 shares sued on December 23 4. The terms of the LT mortgage payable from #1 above require the company to make monthly moment payments over the term of the Each payment consists of interest on the red balance of the or and a reduction of loan principal Record the first monthly payment of $3,800 on the LT Mortgage Payoti on December 31, 2017 5. The company last paid interest on the ST not payable on November 1, 2017 Record the red interest expense for the last 2 months of 2017. The annual interest rate is 0%. Round to nearest whole dollar IT Lena Commons 16 640 pad 68,000 2000 2500 6. The Bonds Payable and related Premum amounts on the low, trial balance relate to the Jan 1, 2017 cance of the following bonds: On Jan 1, 2017, the company issued 10%, 10-year bonds when the market rate for similar investments was 8%. The company pays interest each year on January 1". On Dec 31, 2017, the effective interest method of amortising the premium on bonds payable to accrue the interest expense for 2017. Round your interest.ense calculation to the rest whole 2.000 0009 37200 00 Bad Deum Deprecation Expense 25.000 7. The Uncanned Revenue amount on the Nov.tr balance relates to amounts that the company previous collected in cash for sales that were to be completed in the future. The company completed some of the sales during December and now we only $10,000 of the neared revenue. Record the necessary adjustment for December 31, 2017 RO SEES SOLO 3209 16.000 1.000 09 8 on December 31, 2017, the company purchased 50 shares of its own Preferred Stock for Treasury Sko for 511 per share Genn See on 15.000 46.000 1,055,500 1.065.500 YOU MUSTINGUIDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ON PF DOCUMENT YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSINMENT SUIMISSION SUBMIT AS ONE PD DOCUMENT Financial Statement Homework #3 Name YOU MUST SUBMIT ALL HANDWRITTEN PAGES OF THIS DOCUMENT Part set the Trial Balance HERE Fuey Mountain Campo Trial Balance 12 Instructions You must tum in the work performed on the shorts the The WILL NOT BE ACCEPTED ON PLAIN PAGE Write the journal entries on the following General Journal page) required for each of the events described below. Write the antes in the order described below (L-18) L ONLY the accounted on the balance for your journes Post the transactions to individual T-accounts and prepare and the balance for your signed company from page one as of December 31, 2017 2009 1. The company purchased a building December 1, 2017 with LT Mortgage Payable of 300.000 Interest. (Record the purchase of the building) ses Se SOLDO 15000 600 2000 D 12000 2. The company issued 1,000 shares of Common Stock for $6,000 on December 25, 2017 3. On December 29, 2017 the company dedared a cash dividend of $3.00 per share for common stock on shares issued and declared nouding the additional 1,000 shares sued on December 23 4. The terms of the LT mortgage payable from #1 above require the company to make monthly moment payments over the term of the Each payment consists of interest on the red balance of the or and a reduction of loan principal Record the first monthly payment of $3,800 on the LT Mortgage Payoti on December 31, 2017 5. The company last paid interest on the ST not payable on November 1, 2017 Record the red interest expense for the last 2 months of 2017. The annual interest rate is 0%. Round to nearest whole dollar IT Lena Commons 16 640 pad 68,000 2000 2500 6. The Bonds Payable and related Premum amounts on the low, trial balance relate to the Jan 1, 2017 cance of the following bonds: On Jan 1, 2017, the company issued 10%, 10-year bonds when the market rate for similar investments was 8%. The company pays interest each year on January 1". On Dec 31, 2017, the effective interest method of amortising the premium on bonds payable to accrue the interest expense for 2017. Round your interest.ense calculation to the rest whole 2.000 0009 37200 00 Bad Deum Deprecation Expense 25.000 7. The Uncanned Revenue amount on the Nov.tr balance relates to amounts that the company previous collected in cash for sales that were to be completed in the future. The company completed some of the sales during December and now we only $10,000 of the neared revenue. Record the necessary adjustment for December 31, 2017 RO SEES SOLO 3209 16.000 1.000 09 8 on December 31, 2017, the company purchased 50 shares of its own Preferred Stock for Treasury Sko for 511 per share Genn See on 15.000 46.000 1,055,500 1.065.500 YOU MUSTINGUIDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSIGNMENT SUBMISSION SUBMIT AS ON PF DOCUMENT YOU MUST INCLUDE ALL PAGES OF THIS DOCUMENT IN YOUR ASSINMENT SUIMISSION SUBMIT AS ONE PD DOCUMENT