Hello I need answers as fast as possible please hurry @!!!!!!

Q1:

On 1 Dec. 2020, ABC Trading Co. borrowed $300,000 for 90 days at 5% by signing a note payable on the same amount Required: (1) Record the adjusting journal entry on 31 Dec. 2020. (2) Record the journal entry for the payment of the note at its maturity date. B. Ahmed's Co offers warrant of two years on parts of machines. In 2020 the company sold machines for $240,000. In the light of its past experience, Ahmed's Co. estimated the needed warranty expense equals to 8% of its dollar sales. During 2020, the company used $10,500 of parts inventory to repair the machine. Required: (1) Prepare the journal entry to record ONLY the warranty liability in 2020. (2) How much is the amount of warranty liability on December 31, 2020

Q2:

Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $250,000 and Sayed invests $450,000. They agree to grant salary allowance of $40,000 to Ahmed and $60,000 to Sayed; an 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net income of $190,000 for this year Required: Allocate the net income between the partners. PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE

Q3:

Amwaj Indstrial Co. purchased an equipment for $360,000 on 1 Jan. 2020. It is estimated that the equipment will have a 10-year useful life or 175,000 units over its useful life and its salvage value at the end of useful life is estimated as $10,000. Required: Compute the depreciation expense for the year ended December 31, 2020, using the following methods of depreciation. (Please, SHOW YOUR CALCULATIONS): 1. Straight-line method of depreciation. 2. Units-of-production method of depreciation assuming that the company produced 44,000 units in 2020. 3. Double-declining-balance method of depreciation.

Q4:

Zahra and Batool are partners in Z&B Partnership with initial investment of $180,000 and $120 000, respectively. They share income and loss by 3 : 2 ratio, respectively. They accepted Mariam as a new partner in the partnership. Required: Prepare Journal entries to record the admission of Mariam who invests cash of $80 000 in the partnership and receives 25% ownership interest in the new partnership. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "" BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000

Q5:

A, B and C are partners and sharing income and loss in a 3:2:1 ratio respectively. They decided to liquidate the partnership. Before the final distribution of the remaining cash to the partners, A has a capital balance of $ (30,000), B has a capital balance of $72,000 and C has a capital balance of $48,000. Cash balance is $90,000. A paid the amount he owes the partnership. Required: Prepare journal entries to record the above liquidation process. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "* BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000

Q6:

A. Manam Co. purchased a Trademark for $ 480,000 on October 1, 2020. The Trademark is legally used for 20-year period.Required: Prepare the journal entry to record the amortization expense on Dec. 31, 2020 B. On January 1, 2018, Zallaq Trading Co. acquired a truck costing $425,000. Zallaq uses the straight-line method to depreciate the truck with an estimated salvage value of $25,000 and an estimated useful life of 10 years. On July 1, 2020, Zallag sold the truck for $ 280.000 cash Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on July 1. 2020. 2. The sale of the truck on July 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE ** BETWEEN NUMBERS: Dr. Cash 10000 Cr. Land 10000