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how do i put these in a journal entry and t charts? 11 4/18/2022 Orca Company leases a new piece of equipment. The payments on

how do i put these in a journal entry and t charts?

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11 4/18/2022 Orca Company leases a new piece of equipment. The payments on the lease are paid annually and are $500 for 6 years with a borrowing rate of 5% and all payments are made of the end of April, starting this year. Orca Company issues a bond of face value $15,000. Orca Company will pay 4% annual interest on the bond. 127 4/18/2022 13 4/18/2022 Orca Company provides services of $40,000 to a customer and is paid in cash 14 4/20/2022 Please begin recording the adjusting entries for Oreo Company ONLY RECORD THE FOLLOWING ENTRIES BELOW (even if more gre technically needed" Orca Compony estimates bad debt os 8% of current A/R - Utilities of $1,250 are paid - Orca company accrues interest on the noto receivable it has recorded - Orca Company records the additional depreciation on its Equipment - Orca Company makes a lease payment Orca Compony records income Tax expense and Income Tax payable of 20% of current income before taxes 15 4/20/2022 16 4/22/2022 In addition, please record the closing entries. You can record the closing entries as debit/credits to the total values for revenues and expenses instead of individual revenue and expense accounts (see the Excel provided) Orca Compony currently has $175,000 in its common stock. Orca Company completed its common stock contract and established a por value of $1 on its common stock for 10,000 shares outstanding. As such, Orca Company needs to adjust the current equity accounts to remove common stock and record Additional Paid in Capital for the excess over par value Orca Company repurchases 1,000 shares of its own common stock for 88 per share Orca Company immediately receives an opportunity to resell 500 of those shares at $12 per shore. Record this resole of the treasury stock 17 4/22/2022 18 4/22/2022 EE 1 4/9/2022 Orca Company sold common stock for $100,000 in cosh. 2 4/11/2022 Please record the necessary March adjusting entries: - Interest for both of the note poyables - Prepaid Insurance for March has been used - Prepaid Rent for March has been used - Orca Company estimates bad debt as 8% of current A/R - Orca Company used 1/2 of the remaining supplies - $30,000 of salaries is recorded, but not paid - Utilities of $1,900 are paid 4/11/2022 Orca Company sold 150 units of inventory an account for $100 per unit- Recall you are using FIFO. Orca Company has 70 units of $50 inventory remaining (from March 4th) and 500 units of $65 inventory from March 21st) 4/11/2022 I Orca Company pays an appraiser to assess useful life and salvage value for its building and equipment, which are going to begin being depreciated. The following is noted: - Incurs "appraisal expense of $500 which is paid in cash and is NOT capitalized. - The Building with book value of $495,000 has a salvage value of $45,000 and useful life of 25 years. - The Equipment with book value of $3,000 has $0 of salvage value and 6- year useful life Record depreciation expense and accumulated depreciation for 2 months for the building (February/March) and 3 months for the Equipment (Jan-March) 5 4/13/2022 Orca Company released a new advertising campaign worth $10,000 with its new slogan "Wonderful are the Waves". Orca Company paid legal and registration costs of $18,000 for trademarking the phrase. 6 4/12/2022 Orca Company purchased 200 units of inventory for $65 per unit. 1 7 4/13/2022 Orca Company decides to sell its building. The purchaser agrees to take on Orca Company's note owed on the building and pay an additional $20,000 Orca Company sells 100 units at inventory for $100 on account 8 4/15/2022 9 4/15/2022 A customer pays orco company $15,000 for services to be provided later. 10 11 4/15/2022 A customer recently sued Orca Company. Orco Company hired a law firm for $1,000, paid in cash, and the firm told Orca Company that a $10,000 loss is probable. Record the contingent liability 11 4/18/2022 Orca Company leases a new piece of equipment. The payments on the lease are paid annually and are $500 for 6 years with a borrowing rate of 5% and all payments are made of the end of April, starting this year. Orca Company issues a bond of face value $15,000. Orca Company will pay 4% annual interest on the bond. 127 4/18/2022 13 4/18/2022 Orca Company provides services of $40,000 to a customer and is paid in cash 14 4/20/2022 Please begin recording the adjusting entries for Oreo Company ONLY RECORD THE FOLLOWING ENTRIES BELOW (even if more gre technically needed" Orca Compony estimates bad debt os 8% of current A/R - Utilities of $1,250 are paid - Orca company accrues interest on the noto receivable it has recorded - Orca Company records the additional depreciation on its Equipment - Orca Company makes a lease payment Orca Compony records income Tax expense and Income Tax payable of 20% of current income before taxes 15 4/20/2022 16 4/22/2022 In addition, please record the closing entries. You can record the closing entries as debit/credits to the total values for revenues and expenses instead of individual revenue and expense accounts (see the Excel provided) Orca Compony currently has $175,000 in its common stock. Orca Company completed its common stock contract and established a por value of $1 on its common stock for 10,000 shares outstanding. As such, Orca Company needs to adjust the current equity accounts to remove common stock and record Additional Paid in Capital for the excess over par value Orca Company repurchases 1,000 shares of its own common stock for 88 per share Orca Company immediately receives an opportunity to resell 500 of those shares at $12 per shore. Record this resole of the treasury stock 17 4/22/2022 18 4/22/2022 EE 1 4/9/2022 Orca Company sold common stock for $100,000 in cosh. 2 4/11/2022 Please record the necessary March adjusting entries: - Interest for both of the note poyables - Prepaid Insurance for March has been used - Prepaid Rent for March has been used - Orca Company estimates bad debt as 8% of current A/R - Orca Company used 1/2 of the remaining supplies - $30,000 of salaries is recorded, but not paid - Utilities of $1,900 are paid 4/11/2022 Orca Company sold 150 units of inventory an account for $100 per unit- Recall you are using FIFO. Orca Company has 70 units of $50 inventory remaining (from March 4th) and 500 units of $65 inventory from March 21st) 4/11/2022 I Orca Company pays an appraiser to assess useful life and salvage value for its building and equipment, which are going to begin being depreciated. The following is noted: - Incurs "appraisal expense of $500 which is paid in cash and is NOT capitalized. - The Building with book value of $495,000 has a salvage value of $45,000 and useful life of 25 years. - The Equipment with book value of $3,000 has $0 of salvage value and 6- year useful life Record depreciation expense and accumulated depreciation for 2 months for the building (February/March) and 3 months for the Equipment (Jan-March) 5 4/13/2022 Orca Company released a new advertising campaign worth $10,000 with its new slogan "Wonderful are the Waves". Orca Company paid legal and registration costs of $18,000 for trademarking the phrase. 6 4/12/2022 Orca Company purchased 200 units of inventory for $65 per unit. 1 7 4/13/2022 Orca Company decides to sell its building. The purchaser agrees to take on Orca Company's note owed on the building and pay an additional $20,000 Orca Company sells 100 units at inventory for $100 on account 8 4/15/2022 9 4/15/2022 A customer pays orco company $15,000 for services to be provided later. 10 11 4/15/2022 A customer recently sued Orca Company. Orco Company hired a law firm for $1,000, paid in cash, and the firm told Orca Company that a $10,000 loss is probable. Record the contingent liability

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