hello need help this assignment

Trial Bal. Fcl. Stmts. equired Adjusting Entries Gen. Jnl. Before you begin, print out all the pages in this workbook. The unadjusted trial balance of Morgan Manufacturing Corp. at December 31, 2019 is shown on the Trial Bal" page (see tab below). Refer also to the additional year-end information for the company shown on the "Adjusting Entries page (see tab below). Required: Prepare year-end adjusting entries. General ledger account numbers are not necessary Show your calculations below each adjusting entry. 2 Post the adjusting entries to the trial balance and prepare an adjusted trial bulance Using the amounts from the adjusted trial balance, complete the financial statements for the year ended December 31, 2019. equired Adjusting Entries Gen. Jnl. Trial Bal. Fcl. Stmts. Cor Morgan Manufacturing Corp. Adjusting Entries For the Year Ended December 31, 2019 The following additional information is available at the corporation's year-end. GST of 5% only applies when indicated 55,000 A sale on account has not been recorded in the amount of Applicable sales tax is: b. Warranty ex Unpaid gros S10,000 Deductions Employee Portion Company Portion 0% 4% 296 496 Employee incor FICA Social Se FICA Medicare Company health these are not the actual required percentages 4% 4% d. The estimat $90,000 Rent revenue consists of 13 equal monthly payments, including one paid in advance for January 2020. [ A trade account payable was converted to a note payable during the year. No entry has been made to record this. The note payable is due at the end of 2020 S40,000 3% $30,000 are: Possible The amount of the note payable is: The annual interest rate on the note payable is The note payable was created at the end of this month: January = 1, December = 12) A lawsuit was commenced against the company in 2019. Damages claimed Lawyers for the company consider the likelihood of success to be h. The interest rate on the mortgage is! Annual payments (blended principal and interest) are made on Dec 31 and total The 2019 payment has been recorded as interest on long-term Debt expense. 1. The corporate income tax rate as a percentage of income before income taxes is Corporate income tax installments during the year have been recorded as Income Tax expense in the records. Assume any 2019 loss before income taxes will result in the refund of income taxes at the current year's income tax rate S163,200 10% equired Adjusting Entries Gen. Jnl Trial Bal Fcl. Stmts Cor Morp GENERAL XURNAL Adjusting Du C Mig Map GENERAL KIRNAL the 2014 Ating AVAMI ATB Debir Cheder Adi Trial Balance At December 31, 2019 Uhusted TH Dahi Cheder Adi char 74,000 760,000 210,000 in bank unts receivable inventory income tax receivable 10.000.000 7.900.000 fing mulated dep'n-blde accounts payable est payable mated current Isabilities 1.500.000 140,000 136,000 nated warranty liability les payable loyeeing takes pay Soc. Sec. pay Medicare payable health insurance payable income tax payable tax payable 1.000 payable 1.632,000 9,000,000 2.963.800 520,000 13.600.000 med en revu e payable non stock. Si per sh and carings revenue ost of goods sold debesu health ins expense ery expense expense building Soc. Sec. exp Medicare exp est and bank charres est on long-term debt uit damages expertise ce supplies expense essional fees es expense anty expense - income tax exp 8.704,000 3,000 18400 300,000 1.000 18.400 9.200 50.000 161200 0 99,000 40,000 40,000 1.000 489,600 29 436,800 29, 4360 Mega Man Cep hacer Hehe Year Endel och 11, 2014 M 51216 144 ATH. serpen Sandnes De 53.110 210.000 347,500 Wendy Total seg Bald De 2.100 900 Pokal Total de paliny HI 140780 2431.66 239,200 2010, einem andere 2.11.15 275.365 54 Meg Map Set of Campingur Forse Yene.2019 www. Sun.2.46.00 $11,000 ww $9.45,512 ZO 511 BIRI BURBERRI San Marine Corp Maran A Dec ME 54170 000 M. La serie 1,012 Buiting, 2.345 6,528,000 29.247,245 . Trade com pale med che labiliti 297 . IS Salesperate Cable Comentan able 4110 0.000 Migrere BR.299,000 Toll ITANO IK1427 23.00 11.30 S.137.227 Turu III Trial Bal. Fcl. Stmts. equired Adjusting Entries Gen. Jnl. Before you begin, print out all the pages in this workbook. CO The unadjusted trial balance of Morgan Manufacturing Corp. at December 31, 2019 is shown on the Trial Bal" page (see tab below). Refer also to the additional year-end information for the company shown on the "Adjusting Entries" page (see tab below). Required: Prepare year-end adjusting entries. General ledger account numbers are not necessary Show your calculations below each adjusting entry. 2 Post the adjusting entries to the trial balance and prepare an adjusted trial bulance Using the amounts from the adjusted trial balance complete the financial statements for the year ended December 31, 2019