for all depreciable acts. The company has decided to use the Allowance method to account for collectible accounts. At the end of the period, based on instandards, the company believes of the balance accounts recevable will be collectible. The company purchases robots for sale only as such they carry them as atory The company has two employees, one in a salios socialy of 54900 per month and the other employee is the office manager with any of 56000 per month Payroll is pressed on the last day of the month, and paid on the first day of the following month. This means the November payroll with actw into Salaries Payable and then be paid on December Required: D) Madhon Machines Company engaged in the following transactions for November and December. Kecord the following transactions on the Daily Transacties tab. Note Place des for credit scored but do NOT Indent credits. Il mere om det or credit, please let in alphabetical order to recretall credit 1.Non the invested 100000 into the company in exchange for 5.000 shares of Contmonteck I.Non The company purchased a cuter systems for 10000 and signed ane year note for the balance. The most on November 1, 2024 and as an annual rate of interest of S.No Paid for two years restos the office space $12000 3.Nm Purchased 10 robots at a total cost of 1000 cach for cash FOR Destinos 4. Non Pused 10 of supplies on 30 15-No Plased 12 robots al cost of $1100 cache account, Serme 30. FOB Destination Shipping of $150 was paid so the shipping company by the appropriate party 17.No Paid for the supplies purchased on November 15.Nos paid for a year insurance polis, for the store. 5.000. The policy was closive boitin Desember 1.2022 20-Non Sold 16 robots for $3100 cache accent term MS, 1/30, the my FIFO to find the cost of goods sold. The price shipped FOB Shipping Point. Record the sales revenue first 28.No Received and in caufim the Newembar 20 sale. 29. Nos paid for November las Sill ST500 30-Nos Prepared payroll for the month of November, the first payroll for the company Record the Sales Expensety first. The tax rates are a follows: Federal Income Tax Rate-15% NC Sul Income Tax Rate 10% FICA Tax Rate - 7,65% Unemployment Tax Rate 6% on the first $7000 cach employees camins per year 1-Dec paid the employees the amount due to them from the November 30 payroll taxes will be paid in January 1-Dec The company borrowed 560000 from Bank of America bygning a 10-year ole. The note requires annual payments S7397 beginning December 1, 2004 1.Des Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was 2000 4.De Paid the cont dac from the November I purchase 5.Dec Declared and paid S2000 e che dividends to the stockholders of the company. 6-Dec purchased 1100 of supplies on account, termo 7.Deschied 20 robots at a cost of $120ch ca scount forms/30. FOB Destination 15.Dec sod 23 robots for $3410 cachon account, tom 310, the company w FIFO se find the code of good old Record the sales tev fint EX.Ded Paid for an ad is the local newspaper, $1500 24.Des Received 527250 payment for robots to be shipped on May 8.2024 31-De Prepared payroll for the month of December the first payroll for the company Record the Salaries Expense enery first. The tax rates as follows: Federal Income Tax Rate -15% NC State Income Tax R-10% FICA Tax Rate-765% Unemployment Taxate-on the first $7000 of each employees cantang per year 2) Postill the Daily Transactions to the Ledger on the Ledger tab. 3) As of December 31. march revealed the following information Record any necessary adjusting entries for the year on the Adjusting Entries tab. The computer past purchased on November has a 5-year life and an expected residual salvaw of SIO 2 Relay interest leithas acred on the notes med on November for the computer system The repaid on November 2 is for two years in on November The instance policy purchased on November 18 is citive beginning December 1 Supplies on hand as of Deccm wale $105 The delivery track purchased on December l has a 10 year life and an expected sidual salvage) value of 54000 Accre the intercul, if needed on the note signed on December 1 Record any bad deepens for the year ended December JL. If neded, mind to the nearest dollar Utilites excedunt yet paid as of December 31 Wald S150 4 Pestall the Adjusting Entires to the Ledger on the Ledger tal 5) Based on the account balance in the ledger, create an adjusted trial balance the Adjusted Trial Balance tab. Based on the adjusted trial balance, prepare a multi-step lacome statement on the Income Statement the 7) Rased on the adjusted trial balans, prepare the statement of choden equity on the Equity Statement tab. Based on the adjusted trial balance, prepare the balance sheet on the Balance Sheetah 9) Prepare the clering entries DO NOT POST them to the leger.just produce the entries. When jurnaling close the wents in the order they appear on the Trial Balance. Do one entry for en accounts, one for expense accounts and one for dividend secounts. 19) Carlate the ration on the fiesta Bas 4 13.20 25 for all depreciable acts. The company has decided to use the Allowance method to account for collectible accounts. At the end of the period, based on instandards, the company believes of the balance accounts recevable will be collectible. The company purchases robots for sale only as such they carry them as atory The company has two employees, one in a salios socialy of 54900 per month and the other employee is the office manager with any of 56000 per month Payroll is pressed on the last day of the month, and paid on the first day of the following month. This means the November payroll with actw into Salaries Payable and then be paid on December Required: D) Madhon Machines Company engaged in the following transactions for November and December. Kecord the following transactions on the Daily Transacties tab. Note Place des for credit scored but do NOT Indent credits. Il mere om det or credit, please let in alphabetical order to recretall credit 1.Non the invested 100000 into the company in exchange for 5.000 shares of Contmonteck I.Non The company purchased a cuter systems for 10000 and signed ane year note for the balance. The most on November 1, 2024 and as an annual rate of interest of S.No Paid for two years restos the office space $12000 3.Nm Purchased 10 robots at a total cost of 1000 cach for cash FOR Destinos 4. Non Pused 10 of supplies on 30 15-No Plased 12 robots al cost of $1100 cache account, Serme 30. FOB Destination Shipping of $150 was paid so the shipping company by the appropriate party 17.No Paid for the supplies purchased on November 15.Nos paid for a year insurance polis, for the store. 5.000. The policy was closive boitin Desember 1.2022 20-Non Sold 16 robots for $3100 cache accent term MS, 1/30, the my FIFO to find the cost of goods sold. The price shipped FOB Shipping Point. Record the sales revenue first 28.No Received and in caufim the Newembar 20 sale. 29. Nos paid for November las Sill ST500 30-Nos Prepared payroll for the month of November, the first payroll for the company Record the Sales Expensety first. The tax rates are a follows: Federal Income Tax Rate-15% NC Sul Income Tax Rate 10% FICA Tax Rate - 7,65% Unemployment Tax Rate 6% on the first $7000 cach employees camins per year 1-Dec paid the employees the amount due to them from the November 30 payroll taxes will be paid in January 1-Dec The company borrowed 560000 from Bank of America bygning a 10-year ole. The note requires annual payments S7397 beginning December 1, 2004 1.Des Purchased a new delivery truck to save customers on shipping. The total cost of the Delivery Truck was 2000 4.De Paid the cont dac from the November I purchase 5.Dec Declared and paid S2000 e che dividends to the stockholders of the company. 6-Dec purchased 1100 of supplies on account, termo 7.Deschied 20 robots at a cost of $120ch ca scount forms/30. FOB Destination 15.Dec sod 23 robots for $3410 cachon account, tom 310, the company w FIFO se find the code of good old Record the sales tev fint EX.Ded Paid for an ad is the local newspaper, $1500 24.Des Received 527250 payment for robots to be shipped on May 8.2024 31-De Prepared payroll for the month of December the first payroll for the company Record the Salaries Expense enery first. The tax rates as follows: Federal Income Tax Rate -15% NC State Income Tax R-10% FICA Tax Rate-765% Unemployment Taxate-on the first $7000 of each employees cantang per year 2) Postill the Daily Transactions to the Ledger on the Ledger tab. 3) As of December 31. march revealed the following information Record any necessary adjusting entries for the year on the Adjusting Entries tab. The computer past purchased on November has a 5-year life and an expected residual salvaw of SIO 2 Relay interest leithas acred on the notes med on November for the computer system The repaid on November 2 is for two years in on November The instance policy purchased on November 18 is citive beginning December 1 Supplies on hand as of Deccm wale $105 The delivery track purchased on December l has a 10 year life and an expected sidual salvage) value of 54000 Accre the intercul, if needed on the note signed on December 1 Record any bad deepens for the year ended December JL. If neded, mind to the nearest dollar Utilites excedunt yet paid as of December 31 Wald S150 4 Pestall the Adjusting Entires to the Ledger on the Ledger tal 5) Based on the account balance in the ledger, create an adjusted trial balance the Adjusted Trial Balance tab. Based on the adjusted trial balance, prepare a multi-step lacome statement on the Income Statement the 7) Rased on the adjusted trial balans, prepare the statement of choden equity on the Equity Statement tab. Based on the adjusted trial balance, prepare the balance sheet on the Balance Sheetah 9) Prepare the clering entries DO NOT POST them to the leger.just produce the entries. When jurnaling close the wents in the order they appear on the Trial Balance. Do one entry for en accounts, one for expense accounts and one for dividend secounts. 19) Carlate the ration on the fiesta Bas 4 13.20 25