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For this multi-step question, it needs the Journal Entries, Adjusting Entries, Income Statement, Retained Earnings Statement, Balance Sheet, and Adjusted Trial Balances. Comprehensive Problem 8

For this multi-step question, it needs the Journal Entries, Adjusting Entries, Income Statement, Retained Earnings Statement, Balance Sheet, and Adjusted Trial Balances.

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Comprehensive Problem 8 a-b, ci-c3 (Part Level Submission) Bramble Corp.'s balance sheet at December 31, 2019, is presented below. Cash Accounts receivable Allowance for doubtful accounts Inventory Bramble Corp. Balance Sheet December 31, 2019 $13,900 Accounts payable 20,900 Common stock (900) Retained earnings 9,100 $43,000 $8,850 19,000 15,150 $43,000 During January 2020, the following transactions occurred. Bramble uses the perpetual Inventory method. Jan. 1 3 8 11 15 Bramble accepted a 4-month, 8% note from Merando Company in payment of Merando's $2,100 account. Bramble wrote off as uncollectible the accounts of Inwood Corporation ($500) and Goza Company ($200). Bramble purchased $15,000 of inventory on account. Bramble sold for $25,000 on account inventory that cost $17,200. Bramble sold inventory that cost $700 to Mark Lauber for $1,300. Lauber charged this amount on his Visa First Bank card. The service fee charged Bramble by First Bank is 3%. Bramble collected $21,000 from customers on account. Bramble paid $16,800 on accounts payable. Bramble recelved payment in full ($200) from Goza Company on the account written off on January 3. Bramble purchased supplies for $1,450 cash. Bramble pald other operating expenses, $3,300. 17 21 24 27 31 Adjustment data: 1. 2. 3. Interest is recorded for the month on the note from January 1. Bad debts are expected to be 6% of the January 31, 2020, accounts receivable. A count of supplies on January 31, 2020, reveals that $500 remains unused. (a) Prepare journal entries for the transactions listed above and adjusting entries. (Include entries for cost of goods sold using the perpetual system.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

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