Having trouble with number 4 in Part 1 a and creating the T charts and adjusted trial balance - Thank You!! Will give thumbs up :)

rrite (not type) the assignment. Insert image of your assigned unadjusted Trial Balance HERE: Charlie, Inc. December 31, 2017 Unadjusted Trial balance Cash 50,000 Accounts Receivable 30,000 Allowance for Doubtful Accounts 500 Short Term Note Receivable 60,000 Interest Receivable 0 Supplies 5,000 Prepaid Insurance 48,000 Inventory 12,000 Vehicle 16,000 Equipment 75,000 Accumulated Depreciation 42,000 Accounts Payable 18,000 Unearned Revenue 14,000 Wages Payable 2,000 Long-Term Notes Payable 70,000 Common Stock 106,000 Retained Earnings (1/1/2017) 2,500 Dividends 2,000 Sales 511,000 Sales Returns & Allowances 7,000 Sales Discounts 3,000 Cost of Goods Sold 46,000 Delivery Expense 5,000 Depreciation Expense 16,000 0 Bad Debt Expense Rent Expense 98,000 Insurance Expense 40,000 Wages Expense 195,000 Supplies Expense 15,500 Interest Revenue 0 Loss on Disposal 0 Interest Expense 6,500 Income Tax Expense 36,000 Total 766,000 766,000 ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names). 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5,500 terms 3/10 net 30. Accounts Receivable Sales cost of Goods Inventory 16,500 16,500 old 5,500 5,500 2. The company received a 6 month, 12% interest note short-term note for the amount listed on the unadjusted trial balance on Oct. 1. 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31, 2017 Interest Receivable 3,600 Interest Revenue 3,600 3. Uncollectable Accounts Receivables of $1,600 need to be written off for the year ended 2017. Allowance for Doubt Eul ACCOUNES 1,600 Accounts Receivable 1,600 - 4 Management estimates that of the remaining accounts receivable balance. $2,000 will be uncollectible. Record the adjustment based on this information. Hint: Use the AFDA balance AFTER the above write off during 2017. Use an AFDA T-account! Bad Debt Expense Allowance For Doubtful Accoons 5. A piece of equipment was retired on Dec. 31, 2017. The equipment originally cost $34,000 and has related A/D of $24,000 as of Jan. 1, 2017. Additional depreciation of $3,000 needs to be recorded on this piece of equipment at Dec 31, 2017. Update the depreciation below (#5). Then record the retirement (#6). Depreciation Expense 3,000 Accumulated Depreciation. 3,000 6. Record the retirement of the equipment (from #5) including the gain or loss. Accumulated Depreciation 22.000 Loss on Disposal 7,000 34,000 Equipment ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L 2 Part 1b: Post the adjusting journal entries to t-accounts: (Specific instructions: Above each T-account, write the account name of each account affected by a journal entry. Write in the unadjusted balance for each of these accounts (from page 1)..the unadjusted balance might be a debit, a credit, or zero balance. Now you are ready to post your journal entries from page 2 onto the corresponding T-accounts and then calculate adjusted balances.) T -F ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L Part 1c: Prepare the Adjusted Trial Balance (i.e., use ending balances after the previous journal entries are posted) Credit December 31, 2017 Adjusted Trial balance Debit Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2017) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Delivery Expense Depreciation Expense Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense Total ALL PAGES OF THIS DOCUMENT MUST BE UPLOADED TO D2L