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I know this is a lot but I'm at wits end with this, please help! Unadjusted Trial Balance Acc. # Account Name Debits Credits 100

I know this is a lot but I'm at wits end with this, please help!

Unadjusted Trial Balance

Acc. # Account Name Debits Credits
100 Cash $ 66,000
110 Accounts receivable 160,000
115 Allowance for doubtful accounts $ 7,000
120 Inventory 50,000
135 Prepaid insurance 27,000
136 Prepaid advertising -
150 Land 235,000
160 Building 240,000
165 Accumulated depreciation - building 54,000
170 Equipment 150,000
175 Accumulated depreciation - equipment 41,250
190 Notes receivable 155,000
195 Interest receivable -
200 Accounts payable 135,000
215 Interest payable -
219 Income tax payable -
230 Accrued liabilities 32,000
240 Unearned revenue 65,000
250 Notes payable - current portion -
255 Notes payable - long-term portion 100,000
270 Bonds payable 100,000
300 Common stock 500,000
310 Retained earnings 21,000
350 Dividends 5,000
400 Sales 1,309,750
450 Interest revenue 86,000
500 Cost of goods sold 616,000
510 Administrative and general expenses 97,000
515 Insurance expense -
520 Selling expenses 194,000
531 Depreciation expense - building -
532 Depreciation expense - equipment -
550 Interest expense 60,000
599 Income tax expense -
600 Loss on sale of equipment 60,000
910 Loss from operation of discontinued 75,000
segment of business
915 Loss from disposal of discontinued 261,000
segment of business
$ 2,451,000 $ 2,451,000

Record the 9 scenariors in the a journal entry:

The single compound journal entry for annual depreciation of building and equipment needs to be recorded. All buildings and equipment owned by the company are depreciated according to the straight-line method of depreciation. Kurek Corporation never assigns residual values to its buildings or equipment, and buildings are depreciated over 32 years and equipment is depreciated over 12 years.

When reviewing the unadjusted trial balance as part of the review for needed prepayment (deferral) adjusting journal entries, it was determined that $37,500 of the services for which the $65,000 unearned revenue item was initially recorded have since been performed.

The work performed on the unearned revenue item referenced in journal entry #2 reminded the CFO of Kurek Corporation that a deposit of $60,000 was received on March 1, 20XX for 12 monthly deliveries set to begin on March 15, 20XX and taking place on the 15th of each of the subsequent months until the contract expired. When the cash payment was received on April 1, the following journal entry was recorded:

Db. Cash $60,000

Cr. Sales $60,000

The prepaid insurance item in the unadjusted trial balance was recorded when a $27,000 cash payment was made on December 1, 20XX for insurance services to be received over the period of December 1, 20XX through November 30, 20X1.

On December 1, 20XX a $20,000 cash payment was made to Comcast Cable Co. for 10 television-commercial-spots that were to air over the course of the next two months. 7 of the 10 spots paid for were aired during December. On December 1, when the cash payment was made, the following journal entry was recorded:

Db. Selling expenses $20,000

Cr. Cash $20,000

Unpaid and unrecorded interest charges on the bonds and notes payable amount to $11,000.

The $155,000 notes receivable was issued and recorded on June 1, 20XX. The note is a two year note with a stated interest rate of 9.5%. All interest will be received on the date of maturity along with the repayment of the principle. None of the interest pertaining to this note has yet been recorded during 20XX.

The $100,000 notes payable currently recorded entirely as long-term is being paid off in five equal $20,000 installments occurring annually on July 1. As a result, a portion of this $100,000 needs to be reclassified as short-term, since some of it is due within the next twelve months.

After completing the income statement for the year it was determined that the income tax effect for the year was a net $12,477 (net makes reference to the fact that there are multiple income tax items embedded within the income statement as a result of certain net of tax items). The income tax payment to the government will be made on March 15, 20X1.

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