Hello, I am currently looking at a case for my accounting course. There are a few journal entries that I am struggling with. 2-6, 8, & 13-15 in the journal entries on page 11-13 are what my concern is. If it would be possible to get any guidance on these questions, that would be fantastic. Even the slightest assistance would mean the world to me

Thank you sincerely!

During the current year, General Payroll of $6,005,000 was paid in cash and Factory Payroll of $8,507,000 was paid in cash. See accounting policy #2. Part of the raw-materials ($11,300,000 worth) was transferred to Work-In-Process Inventory during the current year. Part of these [$22,800,000 worth) were completed and transferred to Finished-Goods Inventory. Current year sales were 600,000 units. Each widget sold for 540 sales. Of the current year's sales, 518,000,000 were on account (credit sales) and $6,000,000 were for cash. . The cost of making a widget this current year is $24 per widget. The Finished-Goods Inventory has a beginning layer of 100,000 units which cost $22 per widget to make. Record cost of goods sold relating to transaction 1. See accounting policy #2. Payments were made on account to the Company (cash received as payment on credit sales) to the amount of $19,500,000. How could this be more than credit sales? During the year, cash payments were made to vendors on Accounts-Payable for $11,800,000. 13. 14. 15. On 5 August, the Company contracted to rent a computer-controlled sheet metal cutter. The contract was for three years beginning when the cutter was installed (which was completed on 30 September). The contract called for monthly payments of $4,000 per month and the Company prepaid one full year (548,000) on 30 September. Mortgage payments are made on the rst day of each month in cash. A Mortgage Amortization Table is given in the data for this case (the spreadsheet titled \"Mortgage\"). Assume that the current year covers January of year-2 through December of year-3 of the table. Again, unrealistically, no journal entries have been made for the mortgage this current year. Round cash payment, interest expense, and change in principal for the year down to the nearest dollar. On 15 October, the two original shareholders issued 40,000 shares of common stock to a valued employee (vice-president of marketing) who was being wooed by a rival company. The employee is prohibited from selling the shares for 5 years and did sign a non-compete agreement. Recall that the stock has a par value of $0.50 per share. However, the original partners estimate that the shares have a market value of $25 per share. 8. One large customer was granted a special discount of 2% of the invoice provided that this customer paid in cash within 30 days of the invoice date. This customer purchased $900,000 of goods (the sale was already accounted for at gross in #3 above). The customer paid $882,000 to settle his account 15 days after the invoice date. (Hint: You need to account for the payment, the customer paid $882,000 to satisfy accounts receivable that were on the books for $900,000. Where did the missing $18,000 go?)