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help please!! Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. (Assume a 360-day year is

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Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. (Assume a 360-day year is used for interest calculations.) Aug. 1 Sept. 1 Nov. 30 Winston Co. purchased merchandise for $75,000 on account from Bagley Co., terms n/30. Winston Co. issued a 90-day, 6% note for $75,000 on account. Winston Co. paid the amount due. Aug. 1 Sept. 1 If an amount box does not require an entry, leave it blank or enter 0. Nov. 30 110 110 For each of the following fixed assets, determine the depreciation expense as on December 31 for Year 3: Disposal date is N/A if asset is still in use. Method: SL = Straight Line; DDB = Double Declining Balance Assume the estimated life is 5 years for each asset. Item Cost Residual Value Purchase Date Disposal Date Depreciation Method $40,000 $4,000 July 1, Year 3 N/A SL Depreciation Expense Year 3 A $ B $50,000 $5,000 Jan. 1, Year 1 Aug. 31, Year 3 SL $ $60,000 $2,000 Oct 1, Year 3 N/A DDB $ D $80,000 $10,000 Jan. 1, Year 2 April 1, Year 3 DDB On May 1, 10,000 shares of $10 par common stock were issued at $30, and on May 7, 5,000 shares of $50 par preferred stock were issued at $111. Journalize the entry for May 1. If an amount box does not require an entry, leave it blank or enter "o". May 1 Journalize the entry for May 7. If an amount box does not require an entry, leave it blank or enter "0" May 7

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