help please! i need all 11 tabs on general journal filled out
Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. The firm's general ledger balances on December 31, 2019 are found on the general ledger tab below. Information for the firm's December 31, 2019 adjusting entries is found below. ADJUSTMENTS a.) Prepare the adjusting entry related to beginning Merchandise inventory. b.) Merchandise inventory on December 31, 2019, is $78,000. Prepare the required adjusting entry. c.) During 2019, the firm had net credit sales of $560,000; past experience indicates that 0.5 percent of these sales should result in uncollectible accounts. d.) On December 31, 2019, an inventory of supplies showed that items costing $1,180 were on hand. e.) On May 1, 2019, the firm purchased a one-year insurance policy for $5,400. 1.) On January 2, 2017, the firm purchased office equipment for $8,300. At that time, the equipment was estimated to have a useful life of six years and a salvage value of $350. g.) On January 2, 2017, the firm purchased warehouse equipment for $28,000. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $4,000. h.) On November 1, 2019, the firm issued a four-month, 12 percent note for $32,000. 1.) On December 31, 2019, the firm owed salaries of $5,000 that will not be paid until 2020. 1.) On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $5,000 of accrued wages. k.) On December 31, 2019, the firm owed the federal unemployment tax (assume 0.6 percent) and the state unemployment tax (assume 5.4 percent) on the entire $5,000 of accrued wages. Show less A General General Income Requirement Trial Balance Owners Equity Balance Sheet Journal Ledger Statement 100% of available points - General Journal Tab - For each transaction, prepare the required journal entry or adjusting entry on the General Journal tab. List debits before credits. No input required-General Ledger Tab - Review each of the T-accounts to ensure that the adjusted balance is correct. No input required - Trial Balance Tab - Review the trial balance to ensure that each adjustment results in a normal ending balance, and that the total debits is equal to the total credits. No input required -Income Statement Tab - Review the income statement to see the impact on income as a result of your adjustments. No input required - Statement of Owner's Equity Tab No input required - Balance Sheet Tab - Review the balance sheet to see the impact on net assets as a result of your adjustments. Requirement General Journal > Requirement General Journal General Ledger Trial Balance Income Statement Owners Equity Balance Sheet 100% of available points Using the information found on the general ledger and trial balance tabs, prepare the adjusting entry on the General Journal tab. List debits before credits. Show less View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 H. 11 a.) Prepare the adjusting entry related to beginning Merchandise Inventory Note: Enter debits before credits Account Title Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. The firm's general ledger balances on December 31, 2019 are found on the general ledger tab below. Information for the firm's December 31, 2019 adjusting entries is found below. ADJUSTMENTS a.) Prepare the adjusting entry related to beginning Merchandise inventory. b.) Merchandise inventory on December 31, 2019, is $78,000. Prepare the required adjusting entry. c.) During 2019, the firm had net credit sales of $560,000; past experience indicates that 0.5 percent of these sales should result in uncollectible accounts. d.) On December 31, 2019, an inventory of supplies showed that items costing $1,180 were on hand. e.) On May 1, 2019, the firm purchased a one-year insurance policy for $5,400. 1.) On January 2, 2017, the firm purchased office equipment for $8,300. At that time, the equipment was estimated to have a useful life of six years and a salvage value of $350. g.) On January 2, 2017, the firm purchased warehouse equipment for $28,000. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $4,000. h.) On November 1, 2019, the firm issued a four-month, 12 percent note for $32,000. 1.) On December 31, 2019, the firm owed salaries of $5,000 that will not be paid until 2020. 1.) On December 31, 2019, the firm owed the employer's social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $5,000 of accrued wages. k.) On December 31, 2019, the firm owed the federal unemployment tax (assume 0.6 percent) and the state unemployment tax (assume 5.4 percent) on the entire $5,000 of accrued wages. Show less A General General Income Requirement Trial Balance Owners Equity Balance Sheet Journal Ledger Statement 100% of available points - General Journal Tab - For each transaction, prepare the required journal entry or adjusting entry on the General Journal tab. List debits before credits. No input required-General Ledger Tab - Review each of the T-accounts to ensure that the adjusted balance is correct. No input required - Trial Balance Tab - Review the trial balance to ensure that each adjustment results in a normal ending balance, and that the total debits is equal to the total credits. No input required -Income Statement Tab - Review the income statement to see the impact on income as a result of your adjustments. No input required - Statement of Owner's Equity Tab No input required - Balance Sheet Tab - Review the balance sheet to see the impact on net assets as a result of your adjustments. Requirement General Journal > Requirement General Journal General Ledger Trial Balance Income Statement Owners Equity Balance Sheet 100% of available points Using the information found on the general ledger and trial balance tabs, prepare the adjusting entry on the General Journal tab. List debits before credits. Show less View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 H. 11 a.) Prepare the adjusting entry related to beginning Merchandise Inventory Note: Enter debits before credits Account Title Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal
