I need all the T-Accounts filled in plz
D E NE A B 1 Adomain Balance Sheet 2 As of December 31, Year 0 3 4 Assets 5 Cash $100,000 6 Marketable Secunties 7,700 7 Accounts Receivable 25,000 8 Inventory 21,000 9 PP&E (net) 36,400 10 Land 11,500 11 Other Long-Term Assets 17,000 12 Total Assets $218,600 13 14 Liabilities & Equity 15 Accounts Payable $51,000 16 Notes Payable 39,500 17 Uneamed Revenue 50,000 18 Income Tax Payable 6,700 19 Common Stock 51,000 20 Retained Earings 20,400 21 Total Liabilities & Equity $218.600 22 23 "Assume these notes represent non-interest-bearing loans from owners, due in 5 years. 24 25 26 27 28 29 O 31 32 N Statement NE A B 1 Adomain Income Statement 2 for Year ended December 31, Year 0 3 4 Revenues 5 Sales Revenue $190,500 6 Expenses 7 Cost of Goods Sold (110,500) 8 R & D Expense (10,000) 9 Sales Commissions (2,000) 10 Marketing Expense (5,000) 11 Insurance Expense (6,000) 12 Other Operating Expenses (27,500) 13 Income from Operations $29,500 14 Interest Income 500 15 Income before Taxes 30,000 16 Income Tax Expense (9,500) 17 Net Income 20,500 18 19 20 21 Year 1 Transactions for Adomain Transaction Date Event January! Paid last year's income tax ability 2 March 31 Sold inventory on account for $157,500 ) The cost of the inventory was $17.200 6. Ako, paid a sales commission on this sale of $12,600 (C) April 1 Prepaid $28.200 for instance for the next 12 months and recorded the transaction as an asset April Paid $25.500 in cash for equipment (PP&E) 5 All Purchased Inventory For S2000. Pad56.500 in cash and recorded an Accounts Payalde for the remaining balance 6 April 5 Received $50,000 in cash related to the receivable recorded on March 31. 7 May 1 Paid off accounts payable related to the purchase of inventory on April May ! Received 542.000 in cash in advance for services. The services will be provided over the course of 6 months berimine on Oct of this year. 9 June 30 Pad 530.000 in cash for expenses related to new products $15.700 for research and development of the products and $14.300 for marketing to advertise them (b). 100 July 31 Purchased supplies for $14.000 in cash The accountant accidently debited Accounts Receivable instead of the appropriate account Lob Fly 3 The accountant recorded an adjustment to correct the entry made in 10a (so that the accounts will reflect what should have been recorded 11 Purchased marketable securities for $11.000 in cash 12 October Borrowed from a local bank and medas yearste payable promise to pay 6% interest per year interest is due and recorded on Dee 13 October 1 Paid $24.400 in cash to buy a plot of land for use as a partir lot 14 October 1 Issund Core Stock worth $21.000 for cash Dec Salaries of real officers were 21.000. The company paid 19.000 now and the reader will be paid on Jan. Year 10 Dec 31 Ince Tax for Year 111.600.000 paid this year and the remainder will be paid on Aprill of Year 2 12 Record the greateadusting entry related to wearned revenue from May transaction 11 Dec 31 Record the appropriate adjusting entry related to the rest described in transaction 10 Dec 31 300 of spise on hand on Dec.31. Record the appropriate ad entry to reflect the supplies teflon hand. Refer to transaction 10) 1:20 Dec 31 Record the protected to the sot payable described in transaction 12 (assainterest will be paid in year 2) Set 30 Dec 11 D A B FORMULAS MUST BE USED. DO NO PP&E (net) BB Cash BB EB Land BB EB EB Other LT Assets Marketable Securities BB BB EB EB Accounts Payable Accounts Receivable BB BB 3 4 5 -6 27 PB 29 30 31 32 33 EB EB Notes Payable Inventory 34 BB BB EB EB Uneamed Revenue Prepaid Insurance 35 36 37 38 39 40 41 42 43 44 45 46 47 48 BB BB EB EB E Supplies Income Tax Payable BB BB B Instructions Yr O income Statement Yro Balance Sheet Ready Transactions Gel Type here to search f Interest Payable Salaries Expense BB BB EB Common Stock Marketing Expense BB BB EB EB Retained Eamings Service Revenue BB BB EB EB Sales Revenue Rent Expense BB EB EB Cost of Goods Sold Supplies Expense BB BB EB EB Sales Commissions Interest Expense BB BB EB FB R&D Expense Income Tax Expense BB BB Gonor 13 Income Ta Payable RADE Income Supplies BB EB 3 Salais Payable BE ER D E NE A B 1 Adomain Balance Sheet 2 As of December 31, Year 0 3 4 Assets 5 Cash $100,000 6 Marketable Secunties 7,700 7 Accounts Receivable 25,000 8 Inventory 21,000 9 PP&E (net) 36,400 10 Land 11,500 11 Other Long-Term Assets 17,000 12 Total Assets $218,600 13 14 Liabilities & Equity 15 Accounts Payable $51,000 16 Notes Payable 39,500 17 Uneamed Revenue 50,000 18 Income Tax Payable 6,700 19 Common Stock 51,000 20 Retained Earings 20,400 21 Total Liabilities & Equity $218.600 22 23 "Assume these notes represent non-interest-bearing loans from owners, due in 5 years. 24 25 26 27 28 29 O 31 32 N Statement NE A B 1 Adomain Income Statement 2 for Year ended December 31, Year 0 3 4 Revenues 5 Sales Revenue $190,500 6 Expenses 7 Cost of Goods Sold (110,500) 8 R & D Expense (10,000) 9 Sales Commissions (2,000) 10 Marketing Expense (5,000) 11 Insurance Expense (6,000) 12 Other Operating Expenses (27,500) 13 Income from Operations $29,500 14 Interest Income 500 15 Income before Taxes 30,000 16 Income Tax Expense (9,500) 17 Net Income 20,500 18 19 20 21 Year 1 Transactions for Adomain Transaction Date Event January! Paid last year's income tax ability 2 March 31 Sold inventory on account for $157,500 ) The cost of the inventory was $17.200 6. Ako, paid a sales commission on this sale of $12,600 (C) April 1 Prepaid $28.200 for instance for the next 12 months and recorded the transaction as an asset April Paid $25.500 in cash for equipment (PP&E) 5 All Purchased Inventory For S2000. Pad56.500 in cash and recorded an Accounts Payalde for the remaining balance 6 April 5 Received $50,000 in cash related to the receivable recorded on March 31. 7 May 1 Paid off accounts payable related to the purchase of inventory on April May ! Received 542.000 in cash in advance for services. The services will be provided over the course of 6 months berimine on Oct of this year. 9 June 30 Pad 530.000 in cash for expenses related to new products $15.700 for research and development of the products and $14.300 for marketing to advertise them (b). 100 July 31 Purchased supplies for $14.000 in cash The accountant accidently debited Accounts Receivable instead of the appropriate account Lob Fly 3 The accountant recorded an adjustment to correct the entry made in 10a (so that the accounts will reflect what should have been recorded 11 Purchased marketable securities for $11.000 in cash 12 October Borrowed from a local bank and medas yearste payable promise to pay 6% interest per year interest is due and recorded on Dee 13 October 1 Paid $24.400 in cash to buy a plot of land for use as a partir lot 14 October 1 Issund Core Stock worth $21.000 for cash Dec Salaries of real officers were 21.000. The company paid 19.000 now and the reader will be paid on Jan. Year 10 Dec 31 Ince Tax for Year 111.600.000 paid this year and the remainder will be paid on Aprill of Year 2 12 Record the greateadusting entry related to wearned revenue from May transaction 11 Dec 31 Record the appropriate adjusting entry related to the rest described in transaction 10 Dec 31 300 of spise on hand on Dec.31. Record the appropriate ad entry to reflect the supplies teflon hand. Refer to transaction 10) 1:20 Dec 31 Record the protected to the sot payable described in transaction 12 (assainterest will be paid in year 2) Set 30 Dec 11 D A B FORMULAS MUST BE USED. DO NO PP&E (net) BB Cash BB EB Land BB EB EB Other LT Assets Marketable Securities BB BB EB EB Accounts Payable Accounts Receivable BB BB 3 4 5 -6 27 PB 29 30 31 32 33 EB EB Notes Payable Inventory 34 BB BB EB EB Uneamed Revenue Prepaid Insurance 35 36 37 38 39 40 41 42 43 44 45 46 47 48 BB BB EB EB E Supplies Income Tax Payable BB BB B Instructions Yr O income Statement Yro Balance Sheet Ready Transactions Gel Type here to search f Interest Payable Salaries Expense BB BB EB Common Stock Marketing Expense BB BB EB EB Retained Eamings Service Revenue BB BB EB EB Sales Revenue Rent Expense BB EB EB Cost of Goods Sold Supplies Expense BB BB EB EB Sales Commissions Interest Expense BB BB EB FB R&D Expense Income Tax Expense BB BB Gonor 13 Income Ta Payable RADE Income Supplies BB EB 3 Salais Payable BE ER
